Don’t miss this incredible opportunity to own a legal two-family home in the highly sought-after community of Arverne by the Sea, Queens, NY. Listed at $999,000, this expansive property offers the perfect blend of coastal living and strong investment potential. Each unit is thoughtfully laid out, featuring spacious bedrooms. The home is fully occupied by excellent, reliable tenants who pay on time and take great care of the property—making this a true turnkey investment.
With separate entrances and utilities for each unit, this setup is ideal for owner-occupants looking to offset their mortgage or investors seeking steady rental income. The property also includes off-street parking, a private backyard, and ample storage and laundry. Located just minutes from the beach, public transportation, shopping, and dining, this home offers both convenience and lifestyle appeal. Whether you're looking to expand your real estate portfolio or settle into a vibrant, oceanfront community, this home is a must-see.
For sale
Price cut: $76K (5/22)
$999,000
205 Aquatic Place, Arverne, NY 11692
5beds
--sqft
Duplex, Multi Family
Built in 2004
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 82 days
- on Zillow |
- 158 |
- 6 |
Zillow last checked: 7 hours ago
Listing updated: June 05, 2025 at 12:13am
Listing by:
ROCKAWAY PROPERTIES 718-634-3134,
Yelnia Casilla 718-634-3134
Source: OneKey® MLS,MLS#: 866058

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air
Cooling
- Central Air
Features
- First Floor Full Bath, Entrance Foyer
- Attic: None
- Has fireplace: No
Property
Parking
- Total spaces: 2
- Parking features: Attached, Driveway, Garage, Private
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Patio & porch: Covered, Deck, Terrace
- Fencing: Back Yard
Lot
- Size: 2,483 Square Feet
- Dimensions: 32 x 78
Details
- Parcel number: 160890033
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subtype: Duplex, Multi Family
Materials
- Vinyl Siding
- Foundation: Slab
Condition
- Year built: 2004
Utilities & green energy
- Gas: Separate Gas Meters: 2
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Natural Gas Available, Phone Available, Sewer Connected, Trash Collection Public, Water Connected
Community & HOA
Community
- Subdivision: Palmers Landing at Arverne By The Sea
Location
- Region: Far Rockaway
Financial & listing details
- Tax assessed value: $985,000
- Annual tax amount: $6,419
- Date on market: 5/22/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: 1031 Exchange,Cash,Conventional,FHA
- Tenant pays: Electricity, Gas, Heat
- Electric utility on property: Yes
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