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.
Listed by Yelnia Casilla
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ROCKAWAY PROPERTIES
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718-634-3134
Last updated June 05, 2025
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Source: OneKey #866058
Listing Facts
TypeMulti-family
NeighborhoodHammels
Bedrooms5
Bathrooms4
Days on Prevu111
Taxes$6,419/year
Amenities
Private Outdoor Space
Air Conditioning
Parking
Location
Mortgage Calculator
Listing History
05/22/2025
Listed by ROCKAWAY PROPERTIES
$999,000
Estimated Closing Costs
Total
$29,380
Attorney Fees
$4,000
Title Insurance
$4,496
Bank Attorney
$1,500
Mortgage Recording Tax
$15,384
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $999,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.
Property Details for 205 Aquatic Place
Exterior
Construction
Number Of Units Total: 2
Year Built: 2004
Architectural Style: Contemporary
Construction Materials: Frame, Vinyl Siding
Features
Direction Faces: East
Fencing: Back Yard
Patio And Porch Features: Covered, Deck, Terrace
Measurements
Building Area Units: Square Feet
Lot Size Dimensions: 3,278
Lot Size Square Feet: 2,483
Financial
Residential Income
Gross Income: $5,590.00
Taxes
Parcel Number: 16089-0033
Tax Annual Amount: $6,419.00
Tax Year: 2025
Interior
Features
Interior Features: First Floor Full Bath, Entrance Foyer
Rooms
Bathrooms Full: 4
Bathrooms Total Integer: 4
Bedrooms Total: 5
Other
Location
Subdivision Name: Palmers Landing At Arverne By The Sea
Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Trash Collection Public, Water Connected
Water Source: Public
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