7221 Hillmeyer Avenue, Arverne, NY 11692
MULTI_FAMILY - Arverne, NY
- Added:
- Apr 7, 2026
- Days on Market:
- 70
- Last Refresh:
- Jun 15 at 12:06 pm
Property Features for 7221 Hillmeyer Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4-1
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 5, Bedroom 1, Bathroom 1
- Interior features
- Refrigerator, Stove
- Standard status
- Active
- Size
- 2,001 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4302
Building Details
- Year built
- 2000
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate, Tile, Carpet
- Building materials
- Block, Wood Frame
- Roof type
- Shingle
Listing agent Nicole Switzer (718) 634-3134
Listing office Rockaway Properties 417 Beach 129th St, Rockaway, NY (718) 634-3134
Listing date Apr 7, 2026
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.
HighLights
- Two‑family home with 2 renovated units, both vacant and ready for immediate occupancy
- Solar panels plus tankless hot water system for improved energy efficiency
- Private driveway and private backyard space
- Separate entrances for added privacy between the two units
- Built in 2000 with block and wood frame construction and a shingle roof
- Interior includes tile, carpet, and laminate flooring, plus a refrigerator and stove
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.4k | $46.20 |
| − Vacancy | −$3.5k | −$1.76 |
| EGI | $88.9k | $44.44 |
| − OpEx | −$40.0k | −$20.00 |
| NOI | $48.9k | $24.44 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Arverne
- County
- Queens
- State
- New York
- Longitude
- -73.801931
- Latitude
- 40.597166
