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40-10 Forley StreetElmhurst, NY 11373

For Sale

$1,998,000

Smart Buyer Rebate $24,975

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, with building dimensions of approximately 20 × 51, 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.

Listed by James Y. Chung

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Douglas Elliman Real Estate

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516-746-0440

Last updated December 04, 2025

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Source: OneKey #938080

Listing Facts

  • TypeMulti-family
  • NeighborhoodElmhurst
  • Days on Prevu7
  • Taxes$38,193.64/year

Amenities

  • Air Conditioning
  • Parking

Location

Mortgage Calculator

Listing History

12/03/2025
Listed by Douglas Elliman Real Estate
$1,998,000

Estimated Closing Costs

Total
$69,240
Attorney Fees
$4,000
NYC Mansion Tax
$19,980
Title Insurance
$8,991
Bank Attorney
$1,500
Mortgage Recording Tax
$30,769
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $1,998,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 40-10 Forley Street

Exterior

Construction

  • Number Of Units Total: 3
  • Property Attached: Yes
  • Year Built: 1955
  • Construction Materials: Brick

Measurements

  • Building Area Total: 3,568
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.04
  • Lot Size Square Feet: 2,037

Financial

Taxes

  • Parcel Number: 01503-0016
  • Tax Annual Amount: $38,193.64
  • Tax Assessed Value: $379,350.00
  • Tax Year: 2024

Interior

Features

  • Interior Features: Other

Other

Location

  • Tax Block: 1503
  • Tax Lot: 16

Parking

Parking

  • Parking Features: Driveway

Schools

Elementary School

  • Elementary School: PS 89 Jose Peralta School Of Dreamers
  • Elementary School District: Queens 24

High School

  • High School: Newtown High School
  • High School District: Queens24

Middle or Junior School

  • Middle Or Junior School: Is 73 Frank Sansivieri Intermediate School (The)
  • Middle Or Junior School District: Queens24

Utilities

Equipment

  • 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

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 40-10 Forley Street.

What schools are nearby to 40-10 Forley Street?

Nearby schools include the PS 89 Jose Peralta School Of Dreamers Elementary School, Is 73 Frank Sansivieri Intermediate School (The) Middle School, and Newtown High School.

What are the annual taxes for 40-10 Forley Street?

Annual taxes for this multi-family home are estimated at $38,193.

How does 40-10 Forley Street compare to other multi-family homes in Elmhurst?

This multi-family home is listed 15% above the average price for multi-family homes in Elmhurst and has been on the market for 98 less days than the typical home in this area.

40-10 Forley Street is a -bedroom multi-family home for sale in Elmhurst NY 11373. Listed on Prevu for 7 days at $1,998,000. This home is located in Elmhurst. The median listing price for multi-family homes in this area is $629,995. Nearby schools include PS 89 Jose Peralta School Of Dreamers Elementary School, Is 73 Frank Sansivieri Intermediate School (The) Middle School, and Newtown High School. Property amenities include air conditioning and parking. View other multi-family home listings in Queens.

The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey™ MLS. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. Information Copyright 2025, OneKey™ MLS. All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.