23-40 124th Street, Queens, NY 11356 (MLS# 2602035)
Listing Courtesy of Robert DeFalco Realty, Inc.
$1,250,000
Queens, NY 11356
MLS# 2602035
Status: Attorney Review
4 beds | 3 baths | 2178 sqft

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Property Description
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.
Details
Maps
Documents
AddressLegal
Street No.: 23-40
Street Name: 124th
Street Suffix: Street
County: Queens
State: NY
Zip Code: 11356
Area Name: Off Island
ContractLocation Information
Status: Attorney Review
Marketing/Listing Date: 2026-04-16
List Price: $1,250,000
Current Price: $1,250,000
Sub-Type: Two Family - Detached
Zoning: R4A
Block: 4227
Lot: 44
General Property Info
Stories: 2
Bedrooms: 4
Full Baths: 2
Half Baths: 1
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: 1
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.
Unit 1
Unit 1 - # Rooms: 6
Unit 1 - # Bedrooms: 2
Unit 1 - # Baths: 1
Unit 1 - Full Baths: 1
Unit 1 - Remarks: OWNERS APT.
Unit 2
Unit 2 - # Rooms: 5
Unit 2 - # Bedrooms: 2
Unit 2 - # Baths: 1
Unit 2 - Full Baths: 1
Unit 2 - Remarks: TENANT APT. UPSTAIRS
Appliances
Total # Ranges: 2
Total # Refrigerators: 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
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.
Lead Based Paint Disclosure