Description
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
Address
Open on Google Maps-
Address: 162-16 77TH Road
-
City: New York City
-
State/county: NY
-
Zip/Postal Code: 11366
-
Area: Flushing
Details
Updated on June 24, 2026 at 4:11 pm-
Property ID RLS20070002
-
Price $1,500,000
-
Property Size 1035.25 Sqft
-
Bedrooms 5
-
Rooms 7
-
Bathrooms 3
-
Garage Size x x
-
Year Built 1950
-
Type Multi Family, Residential
-
Property Status Active, For Sale
Additional details
-
County Queens
-
Property Type Residential
Features
Mortgage Calculator
-
Down Payment
-
Loan Amount
-
Monthly Mortgage Payment
-
Property Tax
-
Home Insurance
-
PMI
-
Monthly HOA Fees
