Description

162-12-16-20 77th Road: Two multi-fam houses + Commercial warehouse package

$8.3M Rare Contiguous Mixed-Use Portfolio Fresh Meadows, Queens

A compelling opportunity to acquire a fully integrated mixed-use portfolio in the heart of Fresh Meadows, consisting of :
1. An 11,000 SF renovated flex office/warehouse which can be offered: (fully vacant, a lease back or partial lease back)
2. Two adjacent multifamily buildings totaling 6 apartments (10 Bedrooms + Bathrooms)
3. A shared 12-car parking lot that services commercial use during the day and residential use evenings and weekends.
4. 14,264 INTERNAL SQUARE FEET
14,000 EXTERNAL SQUARE FEET of 3 lots
5. 162-20 77th Road can be purchased by itself at $5,340,000
This offering provides immediate control, multiple income streams, and long-term upside in one of Queens' strongest commercial and residential corridors.
Commercial Component 11,000 SF Delivered Vacant or Lease Back or partial lease back.
The commercial building spans two floors of warehouse and office space and has benefited from over $1,000,000 in recent capital improvements, making it a true turn-key asset for owner-users or investors.

Key Features:

Lease back option or partial lease back-Revenue stream from Day 1.
Two-story flex warehouse/office layout
Rare drive-through access from 77th Road to 78th Avenue for trucks etc.
Epoxy flooring, skylights, and high-efficiency LED lighting
Upgraded HVAC and rooftop units
Electronic access control & CCTV surveillance
Modern office suites, kitchens, and bathrooms
Gym and sauna
Hydronic snow-melt system
Fully landscaped exterior with irrigation

Multifamily Component 6 Units Strong Rental Demand

162-16 77th Road
(2) 2BR / 1BA units
(1) 1BR / 1BA unit

162-12 77th Road
(1) oversized 1BR / 1BA unit
(2) 2BR / 1BA units

Apartments feature modern finishes, high ceilings, skylights, outdoor space, excellent natural light, and strong tenant appeal in a supply-constrained rental market.

Parking & Synergy

12 on-site parking spaces
Daytime use by commercial tenants
Evening and weekend use by residential tenants
Enhances leaseability and ancillary income

INVESTMENT HIGHLIGHTS

Rare contiguous portfolio; operational and ownership efficiency
Fully vacant commercial component
Minimal deferred maintenance
Multiple income streams with flexible use
Parking monetization potential
Long-term appreciation
Prime Fresh Meadows location with strong residential and commercial demand
Contact me for an exclusive showing