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Paulette Ayoung
Licensed Real Estate Salesperson
REALTOR®
Cell: (917) 524-6270

94-01 40th Drive , Elmhurst, NY 11373

$1,599,000
  • 94-01 40th Drive , Elmhurst, NY 11373 Main Photo

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Paulette Ayoung
Call: (cell) (917) 524-6270
Text: (917) 524-6270

New to the Market
MLS#1036092
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLQueens24

Property Description

Rare Find - First Time on the Market in 65 Years! Charming Multi-Unit Investment Opportunity on Double City Lot.A true once-in-a-generation opportunity - this multi-family property is being offered for the first time in 65 years! Spanning two city lots, the home offers four residential units plus a versatile basement level, perfect for investors or an owner-occupant seeking rental income. Step inside through the original oak entry door with stunning stained-glass sidelights into a grand, ornate foyer accented with rich wood trim. The original solid oak staircase leads to the upper-level units, preserving the home's timeless character throughout.The first-floor unit offers 3 bedrooms, a formal dining room, and a spacious living room with a bonus porch/sunroom. The eat-in kitchen features a beautiful 4-panel bow window overlooking the backyard, and the bath includes a double-sink vanity with convenient in-wall laundry hookup. Two built in AC units for added comfort.Upstairs, the second floor offers two separate units: a generously sized 3-bedroom unit with a full bath, large living room, and eat-in kitchen with bonus pantry, plus a cozy 2-bedroom unit with its own full bath and efficient kitchen/living layout. The third floor rounds out the residential units with a 2-bedroom layout featuring an eat-in kitchen, large living room, and its own bonus porch.The expansive basement adds even more flexibility with four additional rooms, a kitchen area, and washer hookup - ideal for storage or extra living space.Outside, enjoy a private backyard with a rear deck off the first-floor entrance, a detached two-car garage, and newly installed, city-code-compliant security mailboxes. With 100-amp electrical service and set on two full city lots, this property is full of potential.Properties like this rarely come to market - schedule your showing today before this legacy opportunity is gone!

94-01 40th Drive | MLS# 1036092

This multi-family property located at 94-01 40th Drive , Elmhurst, NY 11373 is currently listed for sale with an asking price of $1,599,000. 94-01 40th Drive is located within the Queens24 school district. Search Elmhurst real estate on pauletteayoung.laffey.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Unfinished, Walk-Out Access
Cooling: Wall/Window Unit(s)
Garage: 2
Heating: Hot Water, Oil
Home Style: Colonial
Lot Size: 0.09 Acres
Taxes: $18,655
Year Built: 1920

Amenities

Chandelier
Crown Molding
Double Vanity
Eat-in Kitchen
Entrance Foyer
Formal Dining
High Ceilings
Natural Woodwork

Feature Descriptions

Building Area Total: 4219
Exterior: Vinyl Siding
Formal Dining: Yes
GarageY/N: Yes
Heating Units: 1
Heating Zones: 1
Included In Taxes: Sewer, Trash
Laundry: In Basement
Lot Features: Corner Lot, Near Public Transit
On Market Date: 2026-09-28
Other Structures: Garage(s)
Parcel Number: 01588-0051
Parking Features: Garage
Parking Total: 2
Patio And Porch: Deck
Rental Term: Monthly
Seller Concession: Yes
Separate Electric Meters: 3
Separate Gas Meters: 3
Sewer: Public Sewer
Units: 3
Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Available, Water Connected
Water: Public
Window Features: Double Pane Windows, Insulated Windows

Local Schools

High School: Newtown High School
Middle School: Is 61 Leonardo Da Vinci
Elementary School: Ps 19 Marino Jeantet
School District: Queens24

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Estimated Payment

$ 5,579.64 per month $3,558.68 Principal & Interest $1,554.58 Property Tax $466.38 Homeowner's Insurance

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Listed By / Shown By

Listing By

Agency Name: Keller Williams NY Realty
Agency Contact: 914-437-6100

Shown By

Agent Name: Paulette Ayoung
Agent Phone: Cell: (917) 524-6270
Agency Title: Laffey Real Estate

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 09/29/2026. The listing information on this page last changed on 09/29/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 09/29/2026 12:01:00 AM EST) or OneKey MLS (last updated Mon 09/28/2026 11:53:21 PM EST). Real estate listings held by brokerage firms other than Laffey Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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