162-12 77th Rd, Queens, NY
5 bd · 3 ba · 0 sqft Multi-Family listed at $1,500,000, built in 1950 in the Northeastern Queens neighborhood.
About this home
Investor Opportunity Luxury Two-Family with Strong Cash Flow + Owner's Unit Option 162-12 77th Road offers a compelling opportunity to acquire a gut-renovated, income-producing two-family home with three legal apartments, combining immediate cash flow. Unit Configuration: Top Floor: Massive 1BR / 1BA - ideal for owner occupancy First Floor: 2BR / 1BA Basement: 2BR / 1BA The property has been fully gut renovated with a refined, luxury finish package throughout, high ceilings, hardwood floors, modern kitchens with updated appliances, in-unit washer and dryer, electric fireplace, and excellent natural light. Parking included. This asset is ideal for an investor seeking: Strong in-place or pro-forma cash flow Minimal deferred maintenance Long-term appreciation in a prime Fresh Meadows. Portfolio / Assemblage Opportunity: 162-12 77th Road may be purchased as part of a contiguous portfolio, including: An adjacent luxury two-family home An 11, 000 SF fully renovated commercial office/warehouse Shared parking and land assemblage potential A rare opportunity to secure a turn-key luxury multifamily investment with flexibility, scale, and upside
Property details
- Price
- $1,500,000
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- 1950
- Lot size
- 4,000 sqft
- Type
- Multi-Family
- Days on market
- 82
- Est. property tax
- $20,700/yr · $1,725/mo · 1.38% NY avg
- Last sold
- $685,000 · Oct 2007
Estimated monthly payment
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Price history
- Feb 3, 2026$1,500,000Initial list price
- Oct 30, 2007$685,000Sold
- May 1, 2002$213,000Sold
Location
This home is located in Queens, NY, in the New York City area. Browse more Queens listings on the Queens market page or explore the full Queens market report.
Home Intelligence
Neighborhood (zip 11366)
Median age is 43.4; 31% hold a bachelor's degree; 68% of homes are owner-occupied; median household income is $114,881.
- Median income
- $114,881
- Median age
- 43.4
- Owner-occupied
- 68.4%
- Bachelor's degree
- 30.6%
- Census median home value
- $928,200
Source: US Census Bureau American Community Survey 5-year estimates.
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