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Queens (Flushing), NY, 11366 | $8,300,000
162-12-16-20 77th Road: Two multi-fam houses + Commercial warehouse package
$8. 3M Rare Contiguous Mixed-Use Portfolio Fresh Meadows, Queens
A compelling opportunity to acquire a fully integrated mixed-use portfolio in the heart of Fresh Meadows, consisting of :
1. An 11, 000 SF renovated flex office/warehouse which can be offered: (fully vacant, a lease back or partial lease back)
2. Two adjacent multifamily buildings totaling 6 apartments (10 Bedrooms + Bathrooms)
3. A shared 12-car parking lot that services commercial use during the day and residential use evenings and weekends.
4. 14, 264 INTERNAL SQUARE FEET
14, 000 EXTERNAL SQUARE FEET of 3 lots
5. 162-20 77th Road can be purchased by itself at $5, 340, 000
This offering provides immediate control, multiple income streams, and long-term upside in one of Queens' strongest commercial and residential corridors.
Commercial Component 11, 000 SF Delivered Vacant or Lease Back or partial lease back.
The commercial building spans two floors of warehouse and office space and has benefited from over $1, 000, 000 in recent capital improvements, making it a true turn-key asset for owner-users or investors.
Key Features:
Lease back option or partial lease back-Revenue stream from Day 1.
Two-story flex warehouse/office layout
Rare drive-through access from 77th Road to 78th Avenue for trucks etc.
Epoxy flooring, skylights, and high-efficiency LED lighting
Upgraded HVAC and rooftop units
Electronic access control & CCTV surveillance
Modern office suites, kitchens, and bathrooms
Gym and sauna
Hydronic snow-melt system
Fully landscaped exterior with irrigation
Multifamily Component 6 Units Strong Rental Demand
162-16 77th Road
(2) 2BR / 1BA units
(1) 1BR / 1BA unit
162-12 77th Road
(1) oversized 1BR / 1BA unit
(2) 2BR / 1BA units
Apartments feature modern finishes, high ceilings, skylights, outdoor space, excellent natural light, and strong tenant appeal in a supply-constrained rental market.
Parking & Synergy
12 on-site parking spaces
Daytime use by commercial tenants
Evening and weekend use by residential tenants
Enhances leaseability and ancillary income
INVESTMENT HIGHLIGHTS
Rare contiguous portfolio; operational and ownership efficiency
Fully vacant commercial component
Minimal deferred maintenance
Multiple income streams with flexible use
Parking monetization potential
Long-term appreciation
Prime Fresh Meadows location with strong residential and commercial demand
Contact me for an exclusive showing
Features
- Town: Queens
- Levels: 1
- Rooms: 10
- Bedrooms: 10
- Baths: 6 full
- Lot Size: 0.0x0.0
- Laundry: In Unit
- Est. Taxes: $0
- View: Other
- Pet Policy: Building Yes,No
- MLS#: RLS20068541
- Days on Market: 100 days
- Website: https://www.raveis.com
/prop/RLS20068541/162122077throad_queens_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Listing courtesy of Corcoran Group Phone: (212) 355-3550
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.
Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Ryan FortierInsurance Sales Director, William Raveis Insurance
516.739.7731
Ryan.Fortier@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
Queens (Flushing), NY, 11366
$8,300,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $6,640,000 | $6,640,000 | $6,640,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $37,182 | $40,345 | $55,585 |
| Total Monthly Payment | $37,307 | $40,470 | $55,710 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535