94-01 40th Drive, Elmhurst, NY 11373

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!