Renovated Duplex with Separate
For Sale
$890,000
6923 Hessler Avenue, Arverne, NY 11692
Residential, Arverne, NY
Property Size2,300 SF
Lot Size0.07 Acres
Price / SF$386.96
Days on Market417
Property Features for 6923 Hessler Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4A
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 4, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 6, Bathroom 1, Bedroom 7, Bedroom 5, Bedroom 2, Bedroom 4
Interior features
A/C Unit - Window, Dryer, Refrigerator, Stove, Washer
Subdivision
Arverne
Standard status
Active
Size
2,300 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
4577
Building Details
Year built
1920
Floors in Building
2
Flooring type
Hardwood
Building materials
Wood Frame
Roof type
Tile
Listing Agency:
Metro Realty Professionals
Listed By:
Nam H. Sung
(718) 838-2600
Added: Aug 26, 2025
Changed: Oct 13
Last Checked: Oct 16 at 7:06AM
MLS# 495310
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,300-square-foot duplex was renovated in 2018 and features a wood-frame structure, hardwood flooring, a tile roof, and high ceilings. The second-floor apartment contains 3 bedrooms and 2 bathrooms. The first floor has 4 bedrooms and 2 full bathrooms, with separate outside entrances plus front and rear access. The property includes 2 new gas energy-efficient boilers, a tankless water heater, 3 electric meters, and 2 gas meters. Interior appliances include a refrigerator, stove, washer, dryer, and window A/C units.
The 0.0689-acre property is located near the A Train subway station and within a short distance of the beach. It is zoned R4A and was built in 1920.
The 0.0689-acre property is located near the A Train subway station and within a short distance of the beach. It is zoned R4A and was built in 1920.
Key Highlights
- 2,300‑square‑foot duplex on a 0.0689‑acre lot
- Renovated in 2018 with hardwood flooring and high ceilings
- Second‑floor unit has 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,222
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,124,440
$1.1M
Cap Rate 7%
$803,171
$803.2K
Cap Rate 9%
$624,689
$624.7K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$106.3K $46.20/SF
− Vacancy
−$4.0K −$1.76/SF
EGI
$102.2K $44.44/SF
− OpEx
−$46.0K −$20.00/SF
NOI
$56.2K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,124,440
Cap Rate 7%
$803,171
Cap Rate 9%
$624,689
Alternative Uses
Best Use
Apartment 5plus
$803.2K
$702.8K – $937.0K
NOI $56,222 @ 7.0% cap · market cap 6.32%
Second Best
Multifamily LT 5
$543.8K
$475.9K – $634.5K
NOI $38,069 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$1.70M
$1.48M – $1.98M
NOI $118,691 @ 7.0% cap · market cap 13.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
685
Businesses Nearby
Explore this area
Business Placement
Demographics for 11692, NY
22,776
Population
8,475
Households
2.7
Avg Household Size
36
Median Age
27%
College-Educated
86%
High-School Grad
1.0 sq mi
ZIP Area
22,776
Density / Sq Mi
$49,507
Median Household Income
$39,737
Median Earnings
$1,274
Median Rent
$650,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential levels include a three-bedroom rental unit and a four-bedroom owner-occupied floor.
Where is this duplex located?
The property is located at 6923 Hessler Avenue Arverne, NY.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: 2,300‑square‑foot duplex on a 0.0689‑acre lot; Renovated in 2018 with hardwood flooring and high ceilings; Second‑floor unit has 3 bedrooms and 2 bathrooms
