162 12 77th Road 162 16 77th Road.
| Website: | https://www.nestseekers.com/5355334 |
|---|---|
| Address: | 162-12/16 77th Road Queens, NY 11366 |
| Cross street: | 162nd Street |
| Type: | House |
| Era: | Pre-war |
| Floors: | 2 |
| Ownership: | income-property |
|---|---|
| Rooms: | 10 |
| Bedrooms: | Studio |
Financials
Price:$3,000,000
Real estate tax:$6,000
Description
162-12 77th Road + 162-16 77th Road. Two multi-fam houses.
Investor Opportunity Luxury Two-Family Portfolio with Strong Cash Flow + Owner's Unit Options 162-12 & 162-16 77th Road, Fresh Meadows
162-12 and 162-16 77th Road present a rare opportunity to acquire two contiguous, gut-renovated, income-producing two-family homes, each configured with three legal apartments, offering immediate cash flow, minimal maintenance, and owner-occupancy flexibility.
Unit Configuration (Each Property):
Investor Opportunity Luxury Two-Family Portfolio with Strong Cash Flow + Owner's Unit Options 162-12 & 162-16 77th Road, Fresh Meadows
162-12 and 162-16 77th Road present a rare opportunity to acquire two contiguous, gut-renovated, income-producing two-family homes, each configured with three legal apartments, offering immediate cash flow, minimal maintenance, and owner-occupancy flexibility.
Unit Configuration (Each Property):
- Top Floor: Massive 1BR / 1BA - ideal for owner occupancy (potential vacancy upon delivery)
- First Floor: 2BR / 1BA
- Basement: 2BR / 1BA
- High ceilings & excellent natural light
- Hardwood floors
- Modern kitchens with updated appliances
- In-unit washer & dryer
- Electric fireplaces
- Split HVAC systems
- Private outdoor features (including balcony where applicable)
- Parking included
- Strong in-place or pro-forma cash flow
- Owner-user flexibility while maintaining rental income
- Minimal deferred maintenance
- Long-term appreciation in a prime Fresh Meadows location
- An additional luxury two-family home
- An 11,000 SF fully renovated commercial office/warehouse
- Shared parking and land assemblage potential
- Approximately 16,000 total exterior square feet
Amenities
- Patio
- Voice Intercom
24-20 Jackson Ave Floor 3
Long Island City, NY 11101, USA Phone: +1 929-442-2208 | |
| Listing Courtesy of Corcoran Group | |