Don't miss this prime investment opportunity. A legal 2-family residence in New York City with immense potential for expansion up to a 4-family income-producing property or can be utilized for a large family. There is a 2-bedroom unit with a finished attic and potential setup for another unit. As well as a 2-bedroom unit on the ground floor with a finished basement that also can be used as another unit. The large 2-car garage also has potential for living space via the NYC ADU program. Both units have separate entrances and there are 4 entrances total. The house is much larger than the outside view at 2,289 square feet and sits on a 4,000 square foot lot with a driveway, and plenty of space in the backyard for entertainment. All utilities and the roof are in great condition. Taxes are super low. Minutes away from JFK, and walking distance to public transportation. Minutes away from a senior citizen assisted living facility and the YMCA. This house is perfect for large families, investors looking for income, or owner occupants who want to offset their mortgage.
Listed by James Donald
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EXP Realty
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888-276-0630
Last updated October 09, 2025
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Source: OneKey #921345
Listing Facts
TypeMulti-family
NeighborhoodArverne
Bedrooms4
Bathrooms3
Days on Prevu15
Taxes$4,875.65/year
Location
Mortgage Calculator
Listing History
10/07/2025
Listed by EXP Realty
$1,600,000
Estimated Closing Costs
Total
$57,340
Attorney Fees
$4,000
NYC Mansion Tax
$16,000
Title Insurance
$7,200
Bank Attorney
$1,500
Mortgage Recording Tax
$24,640
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $1,600,000 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 552 Beach 68th Street
Exterior
Construction
Number Of Units Total: 2
Year Built: 1930
Construction Materials: Frame, Vinyl Siding
Measurements
Building Area Total: 2,289
Building Area Units: Square Feet
Lot Size Acres: 0.09
Lot Size Square Feet: 4,000
Financial
Taxes
Parcel Number: 16034-0025
Tax Annual Amount: $4,875.65
Tax Year: 2025
Interior
Features
Flooring: Tile, Wood
Interior Features: First Floor Bedroom, First Floor Full Bath, Ceiling Fan(s), Eat-in Kitchen
Rooms
Basement: Finished
Has Basement: Yes
Bathrooms Full: 3
Bathrooms Total Integer: 3
Bedrooms Total: 4
Parking
Parking
Garage Spaces: 2
Garage: Yes
Parking Features: Detached, Driveway, On Street
Schools
Elementary School
Elementary School: Ps/Ms 42 R Vernam
Elementary School District: Queens 27
High School
High School District: Queens 27
Middle or Junior School
Middle Or Junior School District: Queens 27
Utilities
Equipment
Cooling: Wall/Window Unit(s)
Heating: Radiant
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected
Water Source: Public
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