Property
| Ownership: | Multi-Family |
|---|---|
| Rooms: | 7 |
| Bedrooms: | Studio |
Financials
Price:$1,500,000
Real estate tax:$10,029
24-20 Jackson Ave Floor 3
Long Island City, NY 11101, USA
Phone: +1 929-442-2208
Listing Courtesy of Corcoran Group
Investor Opportunity Luxury Two Family with Strong Cash Flow Owner's Unit Option 162 16 77th Road presents a rare opportunity to acquire a gut renovated, income producing two family home ...
Description
Investor Opportunity Luxury Two Family with Strong Cash Flow + Owner's Unit Option
162-16 77th Road presents a rare opportunity to acquire a gut-renovated, income-producing two family home with three apartments, offering both immediate cash flow and the option for owner occupancy in a high-end top-floor unit.
Unit Configuration:
This property has been fully gut renovated with a luxury finish package throughout, including split HVAC systems, high ceilings, hardwood floors, updated kitchens with modern appliances, in-unit washer/dryer, electric fireplace, and a private balcony. Parking included.
This asset is ideal for an investor seeking:
Portfolio / Assemblage Opportunity:
162-16 77th Road, 162-16 77th Road & 162-20 77th Road can be purchased individually or as part of a larger contiguous portfolio, including:
162-16 77th Road presents a rare opportunity to acquire a gut-renovated, income-producing two family home with three apartments, offering both immediate cash flow and the option for owner occupancy in a high-end top-floor unit.
Unit Configuration:
- Top Floor: Massive 1BR / 1BA ideal for owner occupancy (potential vacancy upon delivery)
- First Floor: 2BR / 1BA
- Basement: 2BR / 1BA
This property has been fully gut renovated with a luxury finish package throughout, including split HVAC systems, high ceilings, hardwood floors, updated kitchens with modern appliances, in-unit washer/dryer, electric fireplace, and a private balcony. Parking included.
This asset is ideal for an investor seeking:
- Strong in-place or pro-forma cash flow
- A high-quality owner's residence while maintaining rental income
- Minimal deferred maintenance
- Long-term appreciation in a prime Queens location
Portfolio / Assemblage Opportunity:
162-16 77th Road, 162-16 77th Road & 162-20 77th Road can be purchased individually or as part of a larger contiguous portfolio, including:
- An adjacent two-family home
- An 11,000 SF renovated commercial office/warehouse
- Shared parking and land assemblage upside
Amenities
- Voice Intercom
RLS Data display by Nest Seekers LLC.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
