Listed by Corcoran
$3,000,000
162-12-16 77th Road
Details
Property Type Multifamily
Sub Type Apartment Building
Buildings 2
162-12 77th Road, New York City, NY 11366, 162-16 77th Road, New York City, NY 11366
Marketing description
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 apart...
Investment highlights
- 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
- 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
Listing Contacts
Listed by Corcoran
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