Listing Notes
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.
Price in context
Cheaper than 0% of the 8 homes listed nearby right now, which run $1,650,000 to $3,000,000.
See all 8 nearby listings
| Address | Asking | Size |
|---|---|---|
| 153-07 79th Ave | $1,650,000 | 7 bd · 5 ba |
| 70-10 172nd St | $1,888,000 | 5 bd · 4 ba |
| 7627 175th St | $1,950,000 | 5 bd · 4 ba |
| 71-39 166th St | $1,958,000 | 6 bd |
| 8470 159th St | $1,999,999 | 8 bd · 4 ba |
| 16702 73rd Ave | $2,124,999 | 5 bd · 2 ba |
| 7829 160th St | $2,398,000 | 7 bd · 4 ba |
| 7619 173rd St | $2,788,000 | 4 bd · 4 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more