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31580490
31580489

162-12-20 77th Road, New York City, NY 11366

GT
NY 40TA1055494
Corcoran
Listed by Corcoran
$8,300,000
57 days on market
Updated 51 days ago

162-12-20 77th Road

Details
Property Type Multifamily, Mixed Use
Sub Type Townhouse, Warehouse (+1)
Square Footage 11,000
Stories 2

162-12-20 77th Road, New York City, NY 11366

Investment highlights

  • A Compelling Opportunity to Acquire a Fully Integrated Mixed-Use Portfolio in The Heart of Fresh Meadows, Consisting of :
  • An 11,000 Sf Renovated Flex Office/warehouse Which Can Be Offered: (fully Vacant, a Lease Back or Partial Lease Back)
  • Two Adjacent Multifamily Buildings Totaling 6 Apartments (10 Bedrooms + Bathrooms)
  • A Shared 12-Car Parking Lot that Services Commercial Use During the Day and Residential Use Evenings and Weekends.
  • 14,264 Internal Square Feet 14,000 External Square Feet of 3 Lots
  • 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.
  • 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

Listing Contacts

GT
NY 40TA1055494
Corcoran
Listed by Corcoran

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Additional Information

Name
Gina Taylor
License
40TA1055494
Brokerage Phone
9149120902
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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