Ad #7205578
MLS #947481
Prime Rental Income Opportunity - 3 Family Property Near the
423 Beach 66th St, Arverne, NY 11692
$899,000
9Beds
4Baths
--Sqft
--Acres
About this property
Prime Rental Income Opportunity - 3 Family Property Near the Beach in Arverne, NY. Discover a fantastic investment opportunity in the heart of Arverne! This well-maintained multi family home features three distinct units, offering the perfect blend of rental income and living space. Ideal for both investors and those looking to reside in one unit while renting out the others. Sold as is. Property Features: First Floor Unit: - 4 Bedrooms - 2 Bathrooms - Rental Income: $2,900/month - Spacious layout with a decent kitchen, perfect for groups. Second Floor Unit: - 3 Bedrooms - 1 Bathroom - Rental Income: $2,000/month - Great space for tenants looking for comfort and convenience. Third Floor Unit: - 2 Bedrooms - 1 Bathroom - Rental Income: $1,200/month - A unique space with potential for additional income. Additional Features: -Basement: Provides extra storage space for tenants or homeowners. -Garage: Convenient parking option and additional storage. -Backyard: A private outdoor space for relaxation or gatherings. Investment Highlights: Total Rental Income: $6,100/month, providing excellent cash flow. Cap Rate: 8.14% indicating strong investment potential. Location:Just minutes from beautiful beaches, parks, and local amenities, making it attractive for renters and residents alike. Additional Information: Opportunity for Updates: While the units are in good condition, there is potential for minor updates to increase rental value. Why This Property? Whether you are an investor looking to expand your portfolio or a homeowner seeking rental income, this property offers endless possibilities. Don't miss out on this chance to own a piece of Arverne!
Property Features
9 Beds
4 Baths
0 Sqft
Built in 1920
0.000 Acres
Driveway, Garage
Siding: Aluminum Siding
Baseboard
$5,169 / yr property tax
Queens County
Additional Photos
Contact Information
Marjorie Tornatore
Compass Greater NY LLC
917-407-3012
Location
Listing Agent: Marjorie Tornatore 917-407-3012
Broker: Compass Greater NY LLC 212-913-9058 Listing Site
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Compass Greater NY LLC 212-913-9058 Listing Site
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 11, 2026
Photo Gallery
$899,000
9
Beds
4
Baths
--
Sqft
423 Beach 66th St, Arverne, NY 11692
By contacting this agent you agree to these Terms and Conditions.
MLS# 947481
Prime Rental Income Opportunity - 3 Family Property Near the
$899,000
423 Beach 66th St, Arverne, NY 11692
9
Beds
4
Baths
--
Sqft
--
Acres
$899,000
423 Beach 66th St, Arverne, NY 11692
9 Beds
4 Baths
-- Sqft
-- Acres
Prime Rental Income Opportunity - 3 Family Property Near the Beach in Arverne, NY. Discover a fantastic investment opportunity in the heart of Arverne! This well-maintained multi family home features three distinct units, offering the perfect blend of rental income and living space. Ideal for both investors and those looking to reside in one unit while renting out the others. Sold as is. Property Features: First Floor Unit: - 4 Bedrooms - 2 Bathrooms - Rental Income: $2,900/month - Spacious layout with a decent kitchen, perfect for groups. Second Floor Unit: - 3 Bedrooms - 1 Bathroom - Rental Income: $2,000/month - Great space for tenants looking for comfort and convenience. Third Floor Unit: - 2 Bedrooms - 1 Bathroom - Rental Income: $1,200/month - A unique space with potential for additional income. Additional Features: -Basement: Provides extra storage space for tenants or homeowners. -Garage: Convenient parking option and additional storage. -Backyard: A private outdoor space for relaxation or gatherings. Investment Highlights: Total Rental Income: $6,100/month, providing excellent cash flow. Cap Rate: 8.14% indicating strong investment potential. Location:Just minutes from beautiful beaches, parks, and local amenities, making it attractive for renters and residents alike. Additional Information: Opportunity for Updates: While the units are in good condition, there is potential for minor updates to increase rental value. Why This Property? Whether you are an investor looking to expand your portfolio or a homeowner seeking rental income, this property offers endless possibilities. Don't miss out on this chance to own a piece of Arverne!
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Property Details
HOME DETAILS
9 Beds
4 Baths
0 Sqft
Built in 1920
0.000 Acres
EXTERIOR
Driveway, Garage
Siding: Aluminum Siding
INTERIOR
Baseboard
FINANCIAL & COMMUNITY
$5,169 / yr property tax
Queens County
See More Details
Location
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Ad Statistics
Ad Number
7205578
Viewed
148 times
Listing Status
Pending
Added
Jan 30, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
OneKey MLS
Source Property ID
947481
Listing Agent: Marjorie Tornatore 917-407-3012
Broker: Compass Greater NY LLC 212-913-9058 Listing Site
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Compass Greater NY LLC 212-913-9058 Listing Site
Copyright © 2026 OneKey MLS. 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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