162 12 77th Road 162 16 77th Road.


Property

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):
  • Top Floor: Massive 1BR / 1BA - ideal for owner occupancy (potential vacancy upon delivery)
  • First Floor: 2BR / 1BA
  • Basement: 2BR / 1BA
Both properties have been fully gut renovated with a refined luxury finish package throughout, featuring:
  • 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
Investment Highlights:These assets are ideal for investors seeking:
  • 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
Portfolio / Assemblage Opportunity:162-12 & 162-16 77th Road may be purchased together or as part of a larger contiguous portfolio, which includes:
  • 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
This is a turn-key luxury multifamily portfolio offering scale, flexibility, and upside-rarely available in this submarket.


Amenities

  • Patio
  • Voice Intercom

Contact

24-20 Jackson Ave Floor 3 Long Island City, NY 11101, USA
Listing Courtesy of Corcoran Group