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
- 28 days |
- 1,923 |
- 47 |
Zillow last checked: 8 hours ago
Listing updated: February 07, 2026 at 10:18am
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 | ||
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% |
Find assessor info on the county website
BuyAbility℠ payment
Estimated monthly payment
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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
- 6/10Queens School Of InquiryGrades: 6-12Distance: 0.2 mi
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