23-40 124th Street, Queens, NY 11356
$1,250,000
Property Type:
MultiFamily
Bedrooms:
4
Baths:
3
Square Footage:
2,178
Lot Size (sq. ft.):
4,800
Status:
Pending
Current Price:
$1,250,000
List Date:
4/16/2026
Last Modified:
7/22/2026
Listing Details MLS# 2602035
AddressLegal
- Street No.
- 23-40
- Street Name
- 124th
- Street Suffix
- Street
- County
- Queens
- State
- NY
- Zip Code
- 11356
- Area Name
- Off Island
ContractLocation Information
- Marketing/Listing Date
- 2026-04-16
- Sub-Type
- Two Family - Detached
- Zoning
- R4A
- Block
- 4227
- Lot
- 44
General Property Info
- Stories
- 2
- Full Baths
- 2
- Half Baths
- Yes
- Total Baths
- 3
- Year Built
- 1920
- Year Built Info
- Approx
- Taxes
- 6444
- Tax Abated
- No
- Lot Size SqFt
- 4800
- Lot Dim
- 48x100
- Irregular
- No
- Building SqFt
- 2178
- Garage Capacity
- 2
- No. of Heating Units
- Yes
- Air Conditioner
- Window Unit(s)
- Public Remarks
- Two family residence in need of updating, offering a strong value-add opportunity for qualified builders and developers to reposition or redevelop a property to its highest and best use. Situated on a 48' x 100' lot, the property includes a detached two car garage, an increasingly rare and valuable feature in the area. The home is underbuilt relative to current allowable residential FAR under R4A zoning, presenting meaningful potential for expansion or redevelopment. There may be opportunities to explore reconfiguration, enlargement, or the addition of an internal or external Accessory Dwelling Unit (ADU) subject to buyer due diligence and all required approvals. Located on a quiet residential block, the property is close to local shopping, schools, parks, and transportation, supporting long term resale or rental demand once improved. The home is currently tenant occupied but expected to be delivered vacant, allowing buyers to proceed with renovation or construction plans following closing, subject to confirmation. An excellent opportunity for builders or developers seeking a true value add project in an established neighborhood, with the ability to redesign layouts, modernize systems, and potentially enhance rental income upon completion, subject to renovation scope and approvals. All information is deemed reliable but not guaranteed. Prospective purchasers must perform their own due diligence and independently verify all information. Bring your architect, contractor, and vision—projects with this lot size, zoning profile, and upside are increasingly difficult to find.
Status Change Info
- Pending Date
- 2026-07-22
- Projected Close Date
- 2027-01-01
Unit 1
- Unit 1 - # Rooms
- 6
- Unit 1 - # Bedrooms
- 2
- Unit 1 - # Baths
- Yes
- Unit 1 - Full Baths
- Yes
- Unit 1 - Remarks
- OWNERS APT.
Unit 2
- Unit 2 - # Rooms
- 5
- Unit 2 - # Bedrooms
- 2
- Unit 2 - # Baths
- Yes
- Unit 2 - Full Baths
- Yes
- Unit 2 - Remarks
- TENANT APT. UPSTAIRS
More Information
Appliances
- Total # Ranges
- 2
- Total # Refrigerators
- 2
Currently Not Used
- Garage Capacity
- 2
Property Features
Unit 1:
Unit 1 - Stove
Kitchen:
Eat In
Electric Meters:
Individual
Living Room:
Separate
Architectural Style:
Colonial
Levels:
Two
Gas Meters:
Individual
Main Bath:
Full Bath
Sewer:
Public Sewer
Electric:
220
Basement:
Unfinished
Parking:
Driveway; Gravel; Off Street
Garage Location:
Detached
Yard:
Back Yard; Side
Fencing:
Back Yard; Chain Link; Fenced
Siding:
Aluminum Siding
Heat Source:
Oil
Heat System:
Hot Water
Property Condition:
Poor
Documents
Lead Based Paint Disclosure ›
Listing Courtesy of
Robert DeFalco Realty, Inc.
Listing data provided courtesy of Staten Island Multiple Listing Service.
The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.