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Listing Courtesy of Corcoran Group
$1,500,000
Est. payment /mo
5 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Flushing
MLS Listing ID RLS20070002
Bedrooms 5
Full Baths 3
HOA Y/N No
Year Built 1950
Property Sub-Type Multi Family
Property 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
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
Location
State NY
County Queens
Rooms
Basement Other
Interior
Interior Features Smoke Free
Fireplace No
Laundry In Unit
Exterior
View Y/N No
View Other
Porch None
Private Pool No
Building
Dwelling Type Townhouse
Story 2
New Construction No
Others
Pets Allowed Pets Allowed
Ownership None
Special Listing Condition Standard
Pets Allowed Building Yes, No
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RLS Data display by ACLM Group
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