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94-01 40th Drive

Elmhurst, NY 11373
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Bed 10

Bed

Bath 4

Bath

Acres0.09

Acre(Lot)

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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Detail Ic Property Details

Property Type : Residential Income

Price : $1,599,000

AD Id : 91557386

MLS Id : 1036092

Beds : 10

Lot Size : 0.09 Acre

Tax Amount : $18,655

Year Built : 1920

Garage : 2

County : Queens

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Feature Features

  • Bedroom Information

    Total beds: 10

    Bathroom Information

    Total Baths: 4 Full Baths: 4

    Room Information

    Basement: Full, Unfinished, Walk-Out Access
  • Interior Features

    Chandelier, Crown Molding, Double Vanity, Eat-in Kitchen, Entrance Foyer, High Ceilings, Natural Woodwork Laundry Features: In Basement Window Features: Double Pane Windows, Insulated Windows
  • Heating & Cooling

    Has Heating: Yes Heating: Hot Water, Oil Has Cooling: Yes Cooling: Wall/Window Unit(s)

  • Building Information

    Year Built: 1920 Building Area Total: 4219 Construction Materials: Vinyl Siding Patio And Porch Features: Deck Private Pool: No

  • Lot Information

    Lot Size Acres: 0.0918 Lot Size Square Feet: 4000 Lot Description: Corner Lot, Near Public Transit

  • Listing Price Information

    Listing Price: $1599000

  • Tax Information

    Parcel Number: 01588-0051 Tax Lot: 51 Tax Block: 1588 Annual Tax: $18655

  • Parking Information

    Parking Total: 2 Garage

    Garage Information

    Has Garage: Yes Garage Space: 2

  • School Information

    Elementary School: Ps 19 Marino Jeantet
    Junior High School: Is 61 Leonardo Da Vinci
    Senior High School: Newtown High School
  • Utility Information

    Natural Gas Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Available, Water Connected
  • Location Information

    WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
9429 51st Avenue, Elmhurst, NY, 11373 $2,480,000 -- -- -- 0.07 Acre
94-68 45th Avenue, Elmhurst, NY, 11373 $1,480,000 11 7 -- --
94-66 45th Avenue, Elmhurst, NY, 11373 $1,480,000 8 7 -- --
9414 Corona Avenue, Elmhurst, NY, 11373 $1,249,000 3 2 -- --
94-36 45th Avenue, Elmhurst, NY, 11373 $1,588,800 7 5 -- 0.04 Acre
9413 Alstyne Avenue, Elmhurst, NY, 11373 $1,450,000 -- -- -- 0.05 Acre
93-10 50th Avenue, Elmhurst, NY, 11373 $1,700,000 10 3 -- 0.07 Acre
95-11 42nd Avenue, Elmhurst, NY, 11373 $1,199,999 5 3 -- 0.04 Acre
9056 52nd Avenue, Elmhurst, NY, 11373 $1,388,000 6 2 1,824 0.06 Acre
9056 52nd Avenue, Elmhurst, NY, 11373 $1,388,000 -- -- -- 0.06 Acre

The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively 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 deemed reliable but not guaranteed. Copyright © 2026 OneKey MLS. All Rights Reserved

ByOwner last updated this listing 10/05/2026 @ 09:04

MLS: 1036092 LISTED BY: Maria Puccella, Keller Williams NY Realty 914-437-6100 SOURCE: OneKey MLS

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