Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,550,000

· Closed July 24, 2024

42-04 Forley Street
Closed For Sale Multi Family

$1,550,000

$395 per sq ft

42-04 Forley Street

Elmhurst, Queens

MLS® #RLS10987106

RLS at REBNY

Listing by Elegran LLC

7

Bedrooms

5

Baths

3,922

Sq. Ft.

1975

Year Built

Quick Summary

Bedrooms 7
Bathrooms 5
Living Area 3,922 sq ft
Lot Size 1,875 sq ft
Year Built 1975
Ownership None
Property Taxes $6,870/yr
Neighborhood Elmhurst

Property Highlights

  • Style: WalkUp architecture

Property Details

Type Multi Family
Ownership None
Total Rooms 15
Baths 5 Full
Pets Yes
Cross Street Whitney Avenue/Lamont Avenue
Year Built 1975
Living Area 3,922 sq ft
Architectural Style WalkUp
Structure Type MultiFamily
Lot Size 1,875 sq ft
Block/Lot 1568/9

Listing History

Event Date Price Change
Listed Jul 15, 2024 $1,550,000 -
Currently May 4, 2026 $1,550,000 -

Description

Stunning 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.

Features & Amenities

Interior Features

See Remarks

Building Information

Building Data View Compliance & Permits
Stories 3
Structure MultiFamily
Style WalkUp

Financial Details

RE Taxes $6,870/yr ($573/mo)
Sale Price $1,550,000

Elmhurst is a dynamic and bustling neighborhood in central Queens. Known for its incredible culinary scene and bustling commercial corridors, the area offers a high-energy urban lifestyle. The real estate market is characterized by a wide range of housing options, from spacious pre-war cooperatives and traditional multi-family houses to sleek new construction condominiums that provide excellent value and a quick commute to Manhattan and Long Island City.

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Location

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42-04 Forley Street, Elmhurst, Queens County • Near Whitney Avenue/Lamont Avenue

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1973
Year Built
53 years old
3
Floors
3
Residential Units
R7B
Zoning District
Walk-Up Apartments

Tax & Assessment

Assessed Value: $93,300
Land Value: $24,240
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 1,875 SF
Building Area: 3,180 SF
Built FAR: 1.7
Allowed FAR: 3

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed annual property tax is $6,870, or roughly $573 per month. Verify the current assessment with your attorney before closing.

This property has 7 bedrooms and 5 full bathrooms.

The listed interior living area is 3,922 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1975, making it approximately 51 years old.

This listing is None

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $1,550,000 for 3,922 sq ft, the asking price per square foot is approximately $395. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10987106
First Listed: 7/15/2024
On Market: 7/15/2024
Closed: 7/24/2024
Contract Date: 7/15/2024

Listing Courtesy of Elegran LLC - Patrick Walsh

Listing Contact: (845) 558-1198

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/4/2026 at 8:35 AM UTC

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