360 Beach 59th, #A2, Arverne, NY, 11692 | $125,000

Welcome home to one of New York's most distinctive escapes, The Margolies Houseboat, a beautifully rebuilt houseboat floating at Marina 59 in the heart of Arverne's waterfront community. Thoughtfully and extensively reimagined over 2025–2026 with nearly 1, 100 documented hours of skilled craftsmanship, the Margolies Houseboat feels as close to new as a floating home can get. What makes this offering truly special is the combination of total-gut renovation with an unbeatable location. Major improvements include extensive hull reconstruction and reinforcement using modern composite materials, rebuilt decks and cabin structures, new gelcoat finishes, upgraded electrical systems, multiple new bilge pumps, and enhanced safety features throughout. The sitting area adjoining the study offers excellent flexibility; it can be easily converted into a second bedroom, opening up meaningful options for guests or extended stays. The A train stop is just a few blocks away, putting all of Manhattan within easy reach, yet the moment you step aboard, the city melts away. Hop on your bike and roll to the iconic Rockaway Beach Boardwalk, cast a line into the bay at sunset, or paddle out to catch a wave. The monthly marina fee of $1, 100 covers utilities, parking, and full marina access. Please note that Marina 59 no longer permits year-round residency, making this property best suited as a seasonal retreat. This houseboat is truly a one-of-a-kind retreat that delivers on every promise of "getting away from it all. " The seller is open to offering financing for the right candidate.

Features

  • Amenities: Boat Dock, Parking
  • Rooms: 4
  • Bedrooms: 2
  • Baths: 1 full
  • Style: Other
  • Year Built: 1968
  • Heating: Other
  • Cooling: Wall/Window Unit(s)
  • Approx Sq. Feet: 700
  • Est. Taxes: $0
  • HOA Fee: $1,100 Monthly
  • View: Water
  • Water Front: Yes
  • Elem. School: Ps/Ms 42 R Vernam
  • Middle School: Ps/Ms 42 R Vernam
  • High School: Channel View School For Research
  • School District: Community District 27
  • Appliances: Gas Range, Refrigerator
  • MLS#: 1009832
  • Days on Market: 3 days
  • Website: https://www.raveis.com
    /prop/1009832/360beach59th_arverne_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of RE/MAX Elite   Phone: 718-500-3077

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

360 Beach 59th, #A2, Arverne, NY, 11692

$125,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $100,000 $100,000 $100,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.500% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.230% 6.650% 5.866%
Monthly Tax Payment $0 $0 $0
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $608 $632 $824
Total Monthly Payment $683 $707 $899

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.