162-12-16 77th Rd, Queens, NY
10 bd · 6 ba · 0 sqft Multi-Family listed at $3,000,000 in the Northeastern Queens neighborhood.
About this home
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.
Property details
- Price
- $3,000,000
- Bedrooms
- 10
- Bathrooms
- 6
- Type
- Multi-Family
- Days on market
- 92
- Est. property tax
- $41,400/yr · $3,450/mo · 1.38% NY avg
Estimated monthly payment
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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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