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4-Unit Colonial Quadplex
New
For Sale
$1,599,000

94-01 40th Drive, Elmhurst, NY 11373

Residential Income, Elmhurst, NY

Property SizeContact for details
Lot Size0.09 Acres
Days on Market4

Property Features for 94-01 40th Drive

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 10
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 5, Bedroom 3, Bedroom 7, Dining Room, Bedroom 2, Bedroom 6, Bathroom 1, Bathroom 2, Bedroom 9, Bedroom 1, Bathroom 4, Bedroom 8, Basement, Bathroom 3, Bedroom 4, Bedroom 10
Parking 2
Parking features Garage
Window features Insulated Windows, Double Pane Windows
Patio and Porch features Deck
Interior features Chandelier, Crown Molding, Double Vanity, Eat-in Kitchen, Entrance Foyer, Formal Dining, High Ceilings, Natural Woodwork
Basement Walk-Out Access, Full, Unfinished
Lot features Corner Lot, Near Public Transit
Elementary school Ps 19 Marino Jeantet
Middle school Is 61 Leonardo Da Vinci
High school Newtown High School
Elementary school district Queens 24
Middle school district Queens24
High school district Queens24
Standard status Active
APN 01588-0051
Lot size 0.09 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 18655

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Oil, Hot Water(Heating)
Cooling system Window Unit(s), Wall/Window Unit(s)
Water source Public

Amenities

rear deck
security mailboxes

Building Details

Year built 1920
Number of units 3
Building materials Vinyl Siding
Architectural style Colonial
Listing Agency: Keller Williams NY Realty · Keller Williams Realty
Listed By: Maria Borea Puccella
Added: Sep 27 Changed: Sep 30 Last Checked: Sep 30 at 12:06PM
MLS# 1036092

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1920 Colonial contains four residential units: two with three bedrooms and two with two bedrooms. The layouts include eat-in kitchens and living areas, with formal dining space in one apartment. A basement level adds four rooms, a kitchen area, and a washer hookup. Interior details include natural woodwork, crown molding, an entry foyer, and a solid oak staircase. Heating is by hot water and oil, and cooling is provided by wall or window units.

The property occupies two city lots totaling 0.0918 acres. Exterior features include a private backyard, a rear deck, and a detached two-car garage. The building has 100-amp electrical service, public water, and public sewer.

Key Highlights

  • Four residential units: two 3‑bedroom layouts and two 2‑bedroom layouts
  • Basement includes four rooms, a kitchen area, and washer hookup
  • Two city lots totaling 0.0918 acres

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Gym & Fitness Center Parking Lot & Garage Nursing Home Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

6,554
Businesses Nearby

Demographics for 11373, NY

105,712
Population
34,797
Households
3
Avg Household Size
38
Median Age
30%
College-Educated
75%
High-School Grad
1.5 sq mi
ZIP Area
70,475
Density / Sq Mi
$71,470
Median Household Income
$36,043
Median Earnings
$1,913
Median Rent
$683,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Four apartments provide a mix of two- and three-bedroom layouts, with additional rooms and a kitchen area in the basement.
Where is this quadplex located?
The property is located at 94-01 40th Drive Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Four residential units: two 3‑bedroom layouts and two 2‑bedroom layouts; Basement includes four rooms, a kitchen area, and washer hookup; Two city lots totaling 0.0918 acres
More about this property
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