23-40 124th ST, Queens, NY 11356
23-40 124th ST, Queens, NY 11356
23-40 124th ST, Queens, NY 11356
23-40 124th ST, Queens, NY 11356
23-40 124th ST, Queens, NY 11356
23-40 124th ST, Queens, NY 11356
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Celinda Iaboni

Celinda Iaboni

+1(631) 786-9603
$ 1,250,000
Est. payment | /mo

4 Beds

3 Baths

2,178 SqFt

Save
$ 1,250,000
Est. payment | /mo
Save

4 Beds

3 Baths

2,178 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 2,178 sqft

Price per Sqft $573

MLS Listing ID 500600

Style Colonial

Bedrooms 4

Full Baths 2

Half Baths 1

Year Built 1920

Annual Tax Amount $6,444

Property Sub-Type Multi-Family

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 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.

Location

State NY

County Queens

Area College Point

Zoning R4A

Rooms

Basement Unfinished

Interior

Hot Water Gas

Heating Oil

Flooring Hardwood, Tile

Heat Source Oil

Exterior

Exterior Feature Aluminum Siding

Amenities Available NONE

Roof Type Pitched,Shingle

Handicap Access No

Building

Story 2

Foundation Poured Concrete

Others

Energy Description Oil

Financing Bank Mortgage,Cash

Listed by Robert Defalco Realty

NEARBY SCHOOL & BUSINESS

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Celinda Iaboni

Celinda Iaboni

+1(631) 786-9603

Broker | License ID: 10491210466

Broker License ID: 10491210466

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23-40 124th ST

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