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 Fresh Meadows location
Portfolio / Assemblage Opportunity:
162-16 77th Road, 162-16 77th Road & 162-20 77th Road can be purchased as part of a larger contiguous portfolio, including:
•An adjacent two-family home
•An 11,000 SF renovated commercial office/warehouse
• 16,000 exterior square ft
•Shared parking and land assemblage upside
Active
$1,500,000
16216 77th Rd, Flushing, NY 11366
5beds
--sqft
Single Family Residence
Built in 1950
-- sqft lot
$1,452,700 Zestimate®
$--/sqft
$-- HOA
What's special
Electric fireplaceParking includedHigh ceilingsPrivate balconyLuxury finish package throughoutSplit hvac systemsHardwood floors
- 76 days |
- 261 |
- 1 |
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#: S1806507
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Cooling
- Central Air
Appliances
- Included: Dishwasher, Washer/Dryer
Features
- Flooring: Hardwood
Interior area
- Total structure area: 0
Property
Parking
- Parking features: Garage
- Has garage: Yes
Features
- Patio & porch: Terrace, Other
- Exterior features: Courtyard, Balcony, Garden, Terrace
Details
- Parcel number: 068500009
- Special conditions: Resale
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- Year built: 1950
Community & HOA
Community
- Subdivision: Pomonok
Location
- Region: Flushing
Financial & listing details
- Tax assessed value: $965,000
- Annual tax amount: $6,000
- Date on market: 1/14/2026
Estimated market value
$1,452,700
$1.38M - $1.53M
$4,480/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/14/2026 | Listed for sale | $1,500,000+87.5% |
Source: StreetEasy #S1806507 Report a problem | ||
| 9/9/2022 | Sold | $800,000 |
Source: Public Record Report a problem | ||
| 9/7/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 8/14/2021 | Listed for rent | $1,000-81.1% |
Source: Zillow Rental Manager Report a problem | ||
| 6/1/2016 | Listing removed | $5,300 |
Source: Spire Group Report a problem | ||
| 8/22/2015 | Listed for rent | $5,300 |
Source: Spire Group Report a problem | ||
| 11/4/2009 | Sold | $800,000 |
Source: Public Record Report a problem | ||
| 1/3/2008 | Sold | $800,000 |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $57,900 -15.6% |
| 2023 | -- | $68,580 +20.1% |
| 2022 | -- | $57,120 -6.5% |
| 2021 | -- | $61,080 -0.3% |
| 2020 | $8,411 +6% | $61,260 +4.7% |
| 2019 | $7,936 +1.2% | $58,500 +56% |
| 2018 | $7,843 +3.4% | $37,490 +0.8% |
| 2017 | $7,584 +10.5% | $37,204 +6% |
| 2016 | $6,863 | $35,100 +6% |
| 2015 | $6,863 +62.1% | $33,114 +6% |
| 2014 | $4,233 | $31,242 |
| 2013 | -- | $31,242 +0.8% |
| 2012 | -- | $31,004 +6% |
| 2011 | -- | $29,250 +6% |
| 2010 | -- | $27,595 +6% |
| 2009 | -- | $26,035 |
| 2008 | -- | $26,035 |
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






