Multi Family, 162-12-16 77TH Road #, Forest Hills

Description

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 courtesy of Corcoran Group ...
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