Updated 17 days ago

162-12/16 77th Road

Hillcrest, Queens | 162nd Street & 164th Street

10 Rooms10 BedsIncome Property

$3,000,000
floors / apts2 / 6
Building TypeHouse
RE Taxes$6,000

Outdoor space and views

  • Balcony

Building Amenities

  • Voice Intercom

Property Description for 162-12/16 77th Road

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 apartments, offering immediate cash flow, minimal maintenance, and owner-occupancy flexibility.
Unit Configuration (Each Property):
  • 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
Investment Highlights: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
This is a turn-key luxury multifamily portfolio offering scale, flexibility, and upside-rarely available in this submarket.

Listing History for 162-12/16 77th Road

Now
01/26/2026
$3,000,000
Initial Price by Gina N. Taylor
Corcoran
Launch

Building Details for 162-12/16 77th Road

OwnershipIncome Property
Building TypeHouse
Service LevelVoice Intercom
AgePost-War
AccessWalk-up
Year Built1950
Floors/Apts2/6
Learn More About the Building

Contact Agent

Contact Agent

Licensed As
Gina N. Taylor
Salesperson
License#:
40TA1055494
Company:
Corcoran
View this property on the company's website
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 104514TH