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
$1,563,000 Zestimate®
$--/sqft
$-- HOA
What's special
Electric fireplaceParking includedHigh ceilingsPrivate balconyLuxury finish package throughoutSplit hvac systemsHardwood floors
- 39 days |
- 541 |
- 11 |
Zillow last checked: 8 hours ago
Listing updated: 14 hours ago
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
$1,563,000
$1.48M - $1.64M
$5,045/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
BuyAbility℠ payment
Estimated monthly payment
Boost your down payment with 6% savings match
Earn up to a 6% match & get a competitive APY with a *. Zillow has partnered with to help get you home faster.
Learn more*Terms apply. Match provided by Foyer. Account offered by Pacific West Bank, Member FDIC.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
- 6/10Queens School Of InquiryGrades: 6-12Distance: 0.2 mi






