Seller's Agent in 2024
Patrick Walsh
Elegran
(845) 558-1198
1 in this area
7 Total Sales
42-04 Forley St Elmhurst, NY 11373
Elmhurst NeighborhoodEstimated Value: $1,620,000 - $1,729,916
7
Beds
5
Baths
3,922
Sq Ft
$431/Sq Ft
Est. Value
About This Home
As of July 2024Stunning Legal 2-Family Home in Prime Elmhurst Location! First Time on the Market since it was built in 1975. This legal 2-family home offers spacious living in a highly desirable Elmhurst neighborhood. Featuring a second and third floor consisting of 3 Bedrooms and 2 Bathrooms each, a finished Basement with access to the backyard, a 1-car garage plus 1 additional spot in the driveway. That's TWO off street parking spots.
Conveniently located just a 5-minute walk to the 7 train and under a 10-minute walk to the M and R trains at the Elmhurst Ave stop, this home is also within walking distance to Queens Center Mall, offering a plethora of shopping and dining options.
The 3rd floor will be delivered with tenants in place. 2nd floor to be delivered vacant (pictured)
Don't miss this rare opportunity to own a versatile and spacious home in a vibrant community. Perfect for investors seeking rental income and/or owner occupancy.
Last Agent to Sell the Property
Elegran LLC License #10401231267 Listed on: 07/15/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,870
Year Built
- Built in 1975
Lot Details
- 1,875 Sq Ft Lot
- Lot Dimensions are 25.00 x 75.00
Interior Spaces
- 3,922 Sq Ft Home
- 3-Story Property
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Full Bathrooms
Community Details
- Elmhurst Subdivision
Listing and Financial Details
- Legal Lot and Block 9 / 1568
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 15, 2024
Closed on
Sep 20, 2024
Sold by
John M Wong As Trustee and Paul Y Wong As Trustee
Bought by
Chen Cui Xia and Chen Zhen Y
Seller's Agent
Patrick Walsh
Elegran LLC
List Price
$1,550,000
Sold Price
$1,550,000
Views
3
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$141,229
Avg. Annual Appreciation
7.35%
Original Mortgage
$800,000
Outstanding Balance
$791,041
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$900,188
Purchase Details
Closed on
Oct 23, 2008
Sold by
Wong Sui Wah
Bought by
The Sui Wah Wong Irrevocable Trust and Wong
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Chen Cui Xia | $1,600,000 | -- | |
| The Sui Wah Wong Irrevocable Trust | -- | -- | |
| The Sui Wah Wong Irrevocable Trust | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Chen Cui Xia | $800,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/24/2024 07/24/24 | Sold | $1,550,000 | 0.0% | $395 / Sq Ft |
| 07/24/2024 07/24/24 | Pending | -- | -- | -- |
| 07/15/2024 07/15/24 | For Sale | $1,550,000 | -- | $395 / Sq Ft |
Source: Real Estate Board of New York (REBNY)
Tax History Compared to Growth
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 | $6,870 | $76,639 | $19,950 | $56,689 |
| 2024 | $6,975 | $76,014 | $18,748 | $57,266 |
| 2023 | $6,438 | $71,712 | $18,619 | $53,093 |
| 2022 | $5,754 | $98,100 | $24,240 | $73,860 |
| 2021 | $6,061 | $90,120 | $24,240 | $65,880 |
| 2020 | $6,100 | $89,100 | $24,240 | $64,860 |
| 2019 | $5,967 | $86,880 | $24,240 | $62,640 |
| 2018 | $5,432 | $59,760 | $21,537 | $38,223 |
| 2017 | $5,104 | $56,414 | $22,301 | $34,113 |
| 2016 | $4,699 | $56,414 | $22,301 | $34,113 |
| 2015 | $2,771 | $53,222 | $21,964 | $31,258 |
| 2014 | $2,771 | $52,788 | $25,486 | $27,302 |
Source: Public Records
Agents Affiliated with this Home
-
Patrick Walsh
-
Kirk Eckenrode
Seller Co-Listing Agent in 2024
Kirk Eckenrode
Elegran
(570) 419-6295
1 in this area
26 Total Sales
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10987106
APN: 01568-0009
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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.
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