Investor Opportunity | Luxury Two-Family with Strong Cash Flow + Owner’s Unit Option
162-12 77th Road offers a compelling opportunity to acquire a gut-renovated, income-producing two-family home with three legal apartments, combining immediate cash flow.
Unit Configuration:
Top Floor: Massive 1BR / 1BA — ideal for owner occupancy
First Floor: 2BR / 1BA
Basement: 2BR / 1BA
The property has been fully gut renovated with a refined, luxury finish package throughout, high ceilings, hardwood floors, modern kitchens with updated appliances, in-unit washer and dryer, electric fireplace, and excellent natural light. Parking included.
This asset is ideal for an investor seeking:
•Strong in-place or pro-forma cash flow
•Minimal deferred maintenance
•Long-term appreciation in a prime Fresh Meadows.
Portfolio / Assemblage Opportunity:
162-12 77th Road may be purchased as part of a contiguous portfolio, including:
•An adjacent luxury two-family home
•An 11,000 SF fully renovated commercial office/warehouse
•Shared parking and land assemblage potential
•16,000 Total Exterior Square Feet!
A rare opportunity to secure a turn-key luxury multifamily investment with flexibility, scale, and upside
Active
$1,500,000
16212 77th Rd, Flushing, NY 11366
5beds
--sqft
Multi Family
Built in 1950
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Electric fireplaceExcellent natural lightIn-unit washer and dryerShared parkingParking includedHigh ceilingsHardwood floors
- 76 days |
- 803 |
- 22 |
Zillow last checked: 7 hours ago
Listing updated: March 13, 2026 at 08:41am
Listing by:
Corcoran 914-912-0902,
Gina Taylor
Source: StreetEasy,MLS#: S1806500
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Appliances
- Included: Washer/Dryer
- Laundry: Inside
Interior area
- Total structure area: 0
Property
Parking
- Parking features: Garage
- Has garage: Yes
Details
- Parcel number: 06850000701
- Special conditions: Resale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1950
Community & HOA
Community
- Subdivision: Pomonok
HOA
- Has HOA: Yes
- Amenities included: Laundry
Location
- Region: Flushing
Financial & listing details
- Tax assessed value: $1,085,000
- Annual tax amount: $6,000
- Date on market: 1/14/2026
Estimated market value
Not available
Estimated sales range
Not available
$2,463/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/14/2026 | Listed for sale | $1,500,000+119% |
Source: StreetEasy #S1806500 Report a problem | ||
| 7/20/2018 | Listing removed | $2,550 |
Source: EXIT KINGDOM REALTY #3029591 Report a problem | ||
| 5/14/2018 | Listed for rent | $2,550+82.1% |
Source: EXIT KINGDOM REALTY #3029591 Report a problem | ||
| 12/3/2017 | Listing removed | $1,400 |
Source: Spire Group Inc. Report a problem | ||
| 11/29/2017 | Listed for rent | $1,400 |
Source: Spire Group Report a problem | ||
| 10/31/2007 | Sold | $685,000 |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2020 | $6,141 +6% | $65,100 +1.1% |
| 2019 | $5,793 +1.6% | $64,380 +136.2% |
| 2018 | $5,701 +8.8% | $27,253 +6% |
| 2017 | $5,241 +4.6% | $25,712 +0.3% |
| 2016 | $5,011 | $25,627 +6% |
| 2015 | $5,011 +71.3% | $24,177 +6% |
| 2014 | $2,926 | $22,809 +0.4% |
| 2013 | -- | $22,711 +6% |
| 2012 | -- | $21,427 +0.3% |
| 2011 | -- | $21,356 +6% |
| 2010 | -- | $20,148 +6% |
| 2009 | -- | $19,008 +0.4% |
| 2008 | -- | $18,926 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Fresh Meadows
Nearby schools
GreatSchools rating
- 5/10Ps 154Grades: PK-5Distance: 0.2 mi
- 3/10I.S. 250 the Robert F Kennedy Community Middle SchoolGrades: 6-8Distance: 0.3 mi
- 7/10Queens School Of InquiryGrades: 6-12Distance: 0.2 mi







