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Four-Unit Residential Property

94-01 40th Drive, Elmhurst, NY 11373

For Sale
$1,599,000
Pending

Residential Income, Elmhurst, NY

Property SizeContact for details
Lot Size0.09 Acres
Days on Market49

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 Bathroom 3, Bedroom 9, Bedroom 2, Bedroom 6, Dining Room, Bedroom 5, Bathroom 2, Bathroom 4, Bedroom 10, Bathroom 1, Bedroom 1, Bedroom 4, Basement, Bedroom 7, Bedroom 8, Bedroom 3
Parking 2
Parking features Garage
Window features Double Pane Windows, Insulated 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 Unfinished, Walk-Out Access, Full
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 Pending
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 Wall/Window Unit(s), Window Unit(s)
Water source Public

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: Nov 10 Last Checked: Nov 14 at 9:06AM
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.

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Investment Insights

Based on property information with market context.

Built in 1920, this Colonial contains four apartments: two with three bedrooms and two with two bedrooms. The first-floor residence includes a dining room and porch, while the upper units have eat-in kitchens and separate living areas. Original woodwork, an oak staircase, and stained-glass entry sidelights remain among the interior details. The basement has four rooms, a kitchen area, and a washer hookup; it is separate from the four residential units. Heating is oil-fired hot water, with wall or window air-conditioning units and 100-amp electrical service.

The property occupies 0.0918 acres across two city lots in Elmhurst. Exterior features include a private backyard, a deck, and a detached two-car garage. Public water and sewer serve the property.

Key Highlights

  • Four residential units: two three‑bedroom apartments and two two‑bedroom apartments
  • 0.0918‑acre site spanning two city lots
  • Detached two‑car garage

Property Analytics

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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
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Market

Average Price Trend$/SF for Quadplexes in Queens County, NY

$590 Jul
$621 Aug
$607 Sep
$510 Oct

Properties on Market for Quadplexes in Queens County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - The apartment mix comprises two three-bedroom layouts and two two-bedroom layouts.
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 three‑bedroom apartments and two two‑bedroom apartments; 0.0918‑acre site spanning two city lots; Detached two‑car garage
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