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.

162-12 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

162-12 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

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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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