Ravish Parikh
Call: (718) 704-3478
Text: (718) 704-3478
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!
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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 InsuranceListing By
Agency Name: Keller Williams NY Realty
Agency Contact: 914-437-6100
Shown By
Agent Name: Ravish Parikh
Agent Phone: (718) 704-3478
Agency Title: Laffey Real Estate
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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 ravishparikh.laffey.com today.