The Nest

NestApple's Real Estate Blog

Featuring real estate articles and information to help real estate buyers and sellers. The Nest features writings from Georges Benoliel and other real estate professionals. Georges is the Co-Founder of NestApple and has been working as an active real estate investor for over a decade.

162-16 77th Road

August 5, 2026 by Georges Benoliel

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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 Queens location

Portfolio / Assemblage Opportunity:
162-16 77th Road, 162-16 77th Road & 162-20 77th Road can be purchased individually or as part of a larger contiguous portfolio, including:

  • An adjacent two-family home
  • An 11,000 SF renovated commercial office/warehouse
  • Shared parking and land assemblage upside
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Written By: Georges Benoliel

Georges has been working in Wall Street for the last 16 years trading derivatives with hedge funds. He has been an active real estate investor for over a decade. Georges graduated from HEC Business School in Paris and holds a master in Finance from ESADE Barcelona.

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