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In contract
  • Price cut: $100K (6/19)
    $699,000

    72-21 Hillmeyer Ave #1, Arverne, NY 11692

    5beds
    2,001sqft
    Loading
    Multi Family
    Built in 2000
    -- sqft lot
    $694,800 Zestimate®
    $349/sqft
    $-- HOA

    What's special

    Fully renovatedPrivate drivewayTankless hot water system
    Move right into this fully renovated, vacant two-family home in Rockaway Beach offering the perfect blend of modern living and income potential. Whether you're an end-user looking to offset your mortgage or an investor seeking a turnkey asset, this property delivers flexibility, efficiency, and immediate rental opportunity. Both units have been thoughtfully updated and are ready for immediate occupancy, featuring separate entrances for added privacy, a private driveway, and outdoor backyard space ideal for relaxing or entertaining. Energy-efficient upgrades include solar panels and a tankless hot water system, helping reduce long-term operating costs. Live in one unit while generating rental income from the other, create a multi-generational setup, or maximize cash flow with two market-rate rentals. Conveniently located near the beach, transportation, shopping, restaurants, and neighborhood amenities, this is a rare move-in ready opportunity in Rockaway Beach with versatility built in.
    87 days
    |
    28
    |
    0
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Rockaway Properties 917-921-5266,

    Nicole Switzer

    Source: StreetEasy,MLS#: S1829210

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 2
      • Full bathrooms: 2
      Appliances
      • Included: Dishwasher
      Features
      • Has fireplace: No
      Interior area
      • Total structure area: 2,001
      • Total interior livable area: 2,001 sqft

      Property

      Features
      • Patio & porch: Other
      • Exterior features: Garden
      Details
      • Special conditions: Resale

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Condition
      • Year built: 2000

      Community & HOA

      Community
      • Subdivision: Arverne
      Location
      • Region: Arverne

      Financial & listing details

      • Price per square foot: $349/sqft
      • Annual tax amount: $4,404
      • Date on market: 5/19/2026

        Estimated market value

        $694,800

        $660,000 - $730,000

        $3,999/mo

        Price history

        DateEventPrice
        7/14/2026Contingent$699,000$349/sqft
        Source: StreetEasy #S1829210 Report a problem
        6/19/2026Price change$699,000-12.5%$349/sqft
        Source: StreetEasy #S1829210 Report a problem
        5/19/2026Listed for sale$799,000$399/sqft
        Source: StreetEasy #S1829210 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Arverne

        Getting around

        59 / 100
        Somewhat Walkable
        49 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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