$1,998,000

Estimated payment $13,703/month

-- Bed
-- Bath
3,568 Sq Ft
$560 Price per Sq Ft

Highlights

  • Central Air
  • Baseboard Heating
  • 3-minute walk to 82 Street-Jackson Heights

About This Home

Welcome to 40-10 Forley St, a mixed-use commercial building in the heart of Elmhurst. This versatile property offers a total of 3,568 square feet across three floors, making it an excellent opportunity for both business owners and investors. Constructed in 1955, the building features commercial space on the first and second floors, currently used as medical offices, with a flexible layout suitable for various professional or retail uses. The third floor contains a spacious three-bedroom residential unit, providing an option for owner-use or additional rental income. Additional features include a backyard, location on an active commercial corridor, and close proximity to public transportation and the subway. The surrounding area offers a wide range of shops and restaurants, adding convenience for potential tenants and customers. The property has been well-maintained and is in great condition. Whether you are looking to establish a business in a busy urban setting or seeking a versatile investment property, 40-10 Forley St offers a range of possibilities. Contact us for more information or to schedule a private viewing.

Listing Agent

James Chung

Douglas Elliman Real Estate Brokerage Phone: 516-746-0440 License #10301214776 Listed on: 12/03/2025

Douglas Elliman Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $38,194

Year Built

  • Built in 1955

Lot Details

  • 2,037 Sq Ft Lot

Parking

  • Driveway

Home Design

  • Triplex
  • Brick Exterior Construction

Schools

  • Ps 89 Jose Peralta School Of Dreamers Elementary School
  • Is 73 Frank Sansivieri Intermediate School
  • Newtown High School

Utilities

  • Central Air
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • 3 Units

Listing and Financial Details

  • Legal Lot and Block 16 / 1503
  • Assessor Parcel Number 01503-0016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$38,194

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Triplex
  • Year Built: 1955
  • Attribution Contact: 516-746-0440
  • Carport Y N: No
  • CurrentPrice: 1998000.00
  • MlsMajorChangeType: New Listing
  • ListPrice_By_OriginalListPrice: 1.00000
  • ListPrice_By_LotSizeAcres: 42692307.6923
  • CurrentPrice_By_BuildingAreaTotal: 559.97758
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Other
  • Basement YN: No

Exterior Features

  • Construction Materials: Brick
  • Waterfront: No

Garage/Parking

  • Garage: No
  • Parking Description: Driveway

Utilities

  • Cooling: Central Air
  • Heating: Baseboard, Hot Water, Other
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Public, Water Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Is 73 Frank Sansivieri Intermediate School (The)

Lot Info

  • Lot Size Acres: 0.0468
  • Lot Size Sq Ft: 2037
  • Parcel Number: 01503-0016
  • Property Attached: Yes

Multi Family

  • Units Total: 3

Tax Info

  • Tax Annual Amount: 38193.64
  • Tax Block: 1503
  • Tax Lot: 16
  • Tax Year: 2024

MLS Schools

  • Elementary School: PS 89 Jose Peralta School Of Dreamers
  • High School: Newtown High School
  • Middle School District: Queens24

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $37,702 $352,080 $36,900 $315,180
2024 $37,702 $355,950 $36,900 $319,050
2023 $37,979 $358,560 $36,900 $321,660
2022 $37,653 $350,100 $36,900 $313,200
2021 $31,569 $295,200 $36,900 $258,300
2020 $40,209 $398,700 $36,900 $361,800
2019 $39,090 $384,750 $36,900 $347,850
2018 $37,614 $357,750 $36,900 $320,850
2017 $36,289 $345,149 $36,900 $308,249
2016 $34,726 $345,149 $36,900 $308,249
2015 $11,062 $314,007 $36,900 $277,107
2014 $11,062 $290,068 $36,945 $253,123
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/03/2025 12/03/25 For Sale $1,998,000 -- $560 / Sq Ft
Source: OneKey® MLS

Purchase History

Date Type Sale Price Title Company
Deed -- --
Source: Public Records

Source: OneKey® MLS

MLS Number: 938080

OneKey® MLS

APN: 01503-0016