Two-Family Duplex
For Sale
$979,000
7704 Aquatic Dr, Arverne, NY 11692
Two residential units offer distinct layouts, private outdoor areas, laundry rooms, and dedicated parking.
Property Size3,600 SF
Price / SF$271.94
Days on Market88
Property Features for 7704 Aquatic Dr
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2.5BA, 1 x 2BR
Multifamily Units
2
Amenities
granite counters
stainless steel appliances
laundry room
great outdoor space
rooftop deck
Building Details
Year Built
2005
Buildings
1
Listing Agency:
John Savoretti Realty
Listed By:
Dennis Arango · License #30AR0958027
(516) 459-3655
Source:
Goatrealtyus
Added: Jul 21
Changed: Oct 13
Last Checked: Oct 15 at 3:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of John Savoretti Realty
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Investment Insights
Based on property information with market context.
Built in 2005, this legal two-family property provides over 3,600 square feet of living space across two duplex apartments. The first residence has a townhouse-style layout with a large living room, granite-counter kitchen, stainless steel appliances, first-floor powder room, three bedrooms, two full baths, a laundry room, one-car garage, private driveway, and outdoor space.
The second residence features an open plan with wall-to-wall windows, a granite-counter kitchen, stainless steel appliances, formal dining area, living room, two bedrooms, and a laundry room. Its upper level includes a bonus room suitable for office use and access to a rooftop deck with ocean views.
The second residence features an open plan with wall-to-wall windows, a granite-counter kitchen, stainless steel appliances, formal dining area, living room, two bedrooms, and a laundry room. Its upper level includes a bonus room suitable for office use and access to a rooftop deck with ocean views.
Key Highlights
- Legal two‑family property with two duplex apartments
- Over 3,600 square feet of living space
- Built in 2005
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,000
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,760,000
$1.8M
Cap Rate 7%
$1,257,143
$1.3M
Cap Rate 9%
$977,778
$977.8K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$166.3K $46.20/SF
− Vacancy
−$6.3K −$1.76/SF
EGI
$160.0K $44.44/SF
− OpEx
−$72.0K −$20.00/SF
NOI
$88.0K $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%
$1,760,000
Cap Rate 7%
$1,257,143
Cap Rate 9%
$977,778
Alternative Uses
Best Use
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $88,000 @ 7.0% cap · market cap 8.99%
Second Best
Multifamily LT 5
$851.2K
$744.8K – $993.1K
NOI $59,586 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$2.65M
$2.32M – $3.10M
NOI $185,777 @ 7.0% cap · market cap 18.98%
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
Location Intelligence
Trade Area within ½ mile
759
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 units offer distinct layouts, private outdoor areas, laundry rooms, and dedicated parking.
Where is this duplex located?
The property is located at 7704 Aquatic Dr Arverne, NY.
What is the asking price?
The asking price for this property is $979,000.
What are key features of this property?
This property features: Legal two‑family property with two duplex apartments; Over 3,600 square feet of living space; Built in 2005
