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About the property
Coming soonHouseboat
The Margolies Houseboat
360 Beach 59th Street #A2, Arverne, NY 11692 (Marina 59)
1 / 16
10.9%
Est. annual ROI
0.91%
Est. monthly ROI
$175K
Raise target
$50
Minimum investment
Capital raised0%
$0 of $175K
A two-bedroom, one-bath houseboat of about 700 square feet, moored at Marina 59 on Arverne's waterfront in the Rockaways. One block from the A train, a short ride from the Rockaway Beach boardwalk. The plan after purchase is a full gut renovation, then operating it as a short-term (Airbnb) rental.
- Waterfront at Marina 59, Arverne
- A train one block away; Rockaway Beach boardwalk nearby
- Marina fee covers utilities, parking and marina access
- Plan: purchase, gut renovation, then short-term rental
Estimated returnsRentrix estimates · not guaranteed
- Est. short-term rental income
- $4,050 / month
- Est. operating costs
- − $2,463 / month
- Est. net income to investors
- $1,587 / month · $19,044 / year
- Total raise (incl. renovation & costs)
- $175,000
- Est. annual ROI
- 10.9%
Property facts
- Property type
- Houseboat
- Bedrooms / baths
- 2 bd · 1 ba
- Size
- ~700 sq ft
- Built
- 1968
- Marina fee
- $1,100 / month (utilities, parking, marina access)
- Location
- Marina 59, Arverne · A train 1 block
- Planned strategy
- Gut renovation, then short-term (Airbnb) rental
- Listing ID
- OneKey MLS #1009832
- Title
- Vessel title with marina slip agreement; transfer subject to Marina 59 approval.
Location