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 lightingUpgraded 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
I.S. 250 the Robert F Kennedy Community Middle School
Public 6-8 • Assigned • 0.2mi
3/10
Provided by GreatSchools
About Kew Gardens
Hills
Kew Gardens Hills, located between Flushing Meadows–Corona Park and Forest Park, is a residential and academic New York neighborhood with mid-century co-ops and leafy, hilltop streets. The neighborhood’s character concentrates along Main Street near Union Turnpike, where bakeries, produce markets, and low-key eateries line the sidewalks beside steady bus traffic. Community pillars include Queens College’s Kupferberg Center for the Arts, the Queens Museum, and the New York Hall of Science. Brick apartment houses and attached homes define many blocks, with pockets of garden apartments near Kissena Boulevard. Cunningham Park’s trails and ballfields shape daily routines, while nearby parklands add wide-open sky to the street grid.
Provided by Walk Score and Local Logic
Market insights
162-12-20 77th Rd · $8,300,000
DAYS ON MARKET
216 days
The average home goes pending in 46 days.
SALE-TO-LIST
98.0%
Most homes are selling 2% below list price.
LIST PRICE
$8,300,000
Median list price in this area is $919,726. (89% lower than this home)
PRICE DROP
0 price drops
15% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Living
Interior features
Smoke-free building
Total of 10 rooms
Basement: Other
Bathrooms
6 full bathrooms
Laundry & utility
In-unit laundry
Exterior features
Green building
Home design
Single-story building
Entry level: 1
HOA & community
Pets allowed in building (subject to restrictions)
Electricity and solar
View estimated energy costs and solar savings for this home
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 A rare opportunity to secure a turn-key luxury multifamily investment with flexibility, scale, and upside
RLS at REBNY #RLS20068541
Apr 1, 2026
Relisted
—
Jan 22, 2026
Listed
$8,300,000
RLS at REBNY #RLS20068539
Apr 1, 2026
Relisted
—
Jan 22, 2026
Listed
$3,000,000
+19
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.
Public Records
Oct 30, 2007
Sold
$685,000
Public Records
May 1, 2002
Sold
$213,000
Year
Property tax
Land + Additions
Assessment*
2025
$6,824 (+3.4%)
$16,680 + $50,160
$66,840
2024
$6,597 (−0.7%)
$16,680 + $52,020
$68,700
2023
$6,642 (+7.8%)
$16,680 + $40,680
$57,360
2022
$6,159 (−4.8%)
$16,680 + $50,880
$67,560
2021
$6,472 (+5.4%)
$16,680 + $41,100
$57,780
2020
$6,141 (+7.3%)
$16,680 + $44,760
$61,440
2019
$5,726 (+0.4%)
$16,680 + $48,420
$65,100
2018
$5,701 (+8.8%)
$16,680 + $47,700
$64,380
2017
$5,241 (+2.3%)
$8,350 + $17,362
$25,712
2016
$5,123 (+8.4%)
$8,350 + $17,362
$25,712
2015
$4,728 (+8.5%)
$8,532 + $17,095
$25,627
2014
$4,358 (+11.7%)
$11,669 + $11,140
$22,809
2013
$3,901 (+5.2%)
$11,561 + $11,150
$22,711
2012
$3,708 (+7.7%)
$10,890 + $10,537
$21,427
2011
$3,443 (+6.0%)
$12,569 + $8,787
$21,356
2010
$3,248 (+11.2%)
$12,112 + $8,036
$20,148
2009
$2,921
$10,517 + $8,491
$19,008
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
2
Lot width
40 ft.
Lot depth
100 ft.
Lot size
4,000 Sq. Ft.
Year renovated
1950
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,632
Year built
1950
Style
Multi-Family (2-4 Unit)
County
Queens County
APN
68507
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 22, 2026.
R3-2
Low-Density Non-Contextual Residence District
R3-2 districts are general residence districts that allow a variety of housing types, including low-rise attached houses, small multifamily apartment houses, and detached and semi-detached one- and two-family residences. It is the lowest density zoning district in which multiple dwellings are permitted. Because of their flexibility, R3-2 districts are mapped widely in all boroughs except Manhattan.
Permitted uses
Include but are not limited to:
Greenhouse / nursery
Community / recreation center
Religious facility
Housing-Single unit
Housing-Other
Library
Museum / gallery
Golf related
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
7/10 Heat Factor
7 days above 99° expected this year, 15 days in 30 years
6/10 Wind Factor
53% chance of strong winds in next 30 years
4/10 Air Factor
6 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Fresh Meadows, NY • 11366
Average low and high temperatures (°F)
36
25
39
26
53
37
62
46
70
54
82
65
88
73
83
68
77
63
67
53
56
43
42
31
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
68/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.