Two-Unit Duplex with Attached
7305 Lighthouse Drive, Arverne, NY 11692
New
MULTI_FAMILY - Arverne, NY
Type:Duplex
Property size:
2,970 SFLot size:
0.04 AcresPrice / SF:
$370/SF- Added:
- Jun 24, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 26 at 9:06 am
Property Features for 7305 Lighthouse Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R6
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 3, Bathroom 4, Bedroom 2, Bedroom 1
- Parking features
- Garage - Attached
- Interior features
- Central Air, Dishwasher, Dryer, Refrigerator, Washer
- Standard status
- Active
- Size
- 2,970 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8349
Building Details
- Year built
- 2003
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Carpet, Laminate, Tile
- Building materials
- Wood Frame
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Melissa M. Carrington License #10491209088 (718) 690-3900
Listing office RE/MAX Elite 8201 3rd Ave, Brooklyn, NY (718) 690-3900
Listing date Jun 24, 2026
MLS# 502560
Listing URL
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 two distinct residences under one roof (multi‑generational, owner‑occupant, or rental use)
- Attached one‑car garage; central air; wood frame construction; shingle roof
- Main residence has an open‑concept layout with soaring ceilings and oversized windows, plus direct access to a private backyard
- Upper level of the main home includes three bedrooms, including a primary suite with ensuite bath and walk‑in closet, plus a full hallway bath and dedicated laundry area
- Second unit is a two‑story walk‑up with high ceilings and oversized windows, including an open kitchen/living/dining area, 2 bedrooms, and a full bath
- In‑unit laundry includes washer and dryer, along with a dishwasher, refrigerator, and dryer
Overview
This two-family duplex features two distinct residences under one roof, designed with high ceilings, oversized windows, and open-concept living spaces that bring in natural light. The main residence includes a first-floor living room, dining area, and open kitchen, along with a half bath, ample closet space, and direct access to a private backyard. A attached one-car garage adds convenience and storage. Upstairs, you’ll find three bedrooms, including a primary suite with an ensuite bath and walk-in closet, plus a full hallway bath and a dedicated laundry area.
The second unit is a spacious two-story walk-up with a similar light-filled feel, including open kitchen, living, and dining areas. It offers two bedrooms and a full bath, with washer/dryer provided in-unit. The property is positioned in Arverne, with convenient access to the beach and boardwalk, as well as nearby shops, restaurants, and cafes. Public transportation access is noted with local and express buses, the A train to Brooklyn and Manhattan, and a free shuttle to the NYC Ferry, and it is described as minutes from JFK International Airport.
For buyers and operators, this configuration supports owner-occupancy alongside rental income, or using both units as residential income. With separate two-story living arrangements, multiple bedrooms across the property, and laundry conveniences built into both residences, the home can accommodate a range of household and tenancy needs while keeping daily routines practical for residents.
The second unit is a spacious two-story walk-up with a similar light-filled feel, including open kitchen, living, and dining areas. It offers two bedrooms and a full bath, with washer/dryer provided in-unit. The property is positioned in Arverne, with convenient access to the beach and boardwalk, as well as nearby shops, restaurants, and cafes. Public transportation access is noted with local and express buses, the A train to Brooklyn and Manhattan, and a free shuttle to the NYC Ferry, and it is described as minutes from JFK International Airport.
For buyers and operators, this configuration supports owner-occupancy alongside rental income, or using both units as residential income. With separate two-story living arrangements, multiple bedrooms across the property, and laundry conveniences built into both residences, the home can accommodate a range of household and tenancy needs while keeping daily routines practical for residents.
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 | $137.2k | $46.20 |
| − Vacancy | −$5.2k | −$1.76 |
| EGI | $132.0k | $44.44 |
| − OpEx | −$59.4k | −$20.00 |
| NOI | $72.6k | $24.44 |
2,970 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$907.5K – $1.21M
NOI $72,600 @ 7.0% cap · market cap 6.60%
Second Best
Multifamily LT 5
$702.3K
$614.5K – $819.3K
NOI $49,158 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$2.19M
$1.92M – $2.55M
NOI $153,266 @ 7.0% cap · market cap 13.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Arverne
- County
- Queens
- State
- New York
- Longitude
- -73.801248
- Latitude
- 40.588116
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-family duplex offering open, light-filled layouts, multiple bedrooms, and in-unit laundry for flexible living or leasing.
Where is this duplex located?
The property is located at 7305 Lighthouse Drive Arverne, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two‑family home with two distinct residences under one roof (multi‑generational, owner‑occupant, or rental use); Attached one‑car garage; central air; wood frame construction; shingle roof; Main residence has an open‑concept layout with soaring ceilings and oversized windows, plus direct access to a private backyard
