Ravish Parikh

94-01 40th Drive , Elmhurst, NY 11373

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

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Ravish Parikh
Call: (718) 704-3478
Text: (718) 704-3478

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 ravishparikh.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: Ravish Parikh
Agent Phone: (718) 704-3478
Agency Title: Laffey Real Estate

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