162-16 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 162-16 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
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
- $800,000 · Sep 2022
Estimated monthly payment
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Price history
- Feb 3, 2026$1,500,000Initial list price
- Sep 9, 2022$800,000Sold
- Jan 3, 2008$800,000Sold
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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