Listing courtesy of Corcoran Group (212) 355-3550
162-16 77TH Road, Queens, (Flushing), NY, 11366
7 rooms
5 beds
3 Full baths
1950
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
Status:
Active
Town:
Queens
Type:
Condo/Coop
Laundry Remarks:
In Unit
Units:
3
Basement:
Other
Levels:
2
Lot Size:
100.00x40.00
View Description:
Other
Pet Policy:
Building Yes, No
MLS #:
RLS20070002
Community Info
School Info
Walk Score
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