23-40 124Th St, College Point, NY

House

For Sale

Listed price in listed location currency (USD).

$1,388,888

432

MLS® 500600

Overview

Key Facts

Type Multi Family

Levels Residential

Size 2178 sqft

Garage Yes

Taxes $6,444

Days Active 1

Lot Size

Approx. Age 1920

Avg. Price Per Sqft $637

MLS® Number 500600

Property Address: 23-40 124th St, College Point, NY, 11356-2618

Average square foot calculated using Size range provided by listing agent.

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.

MLS® Number500600

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1920

BasementUnfinished

DrivewayDetached Garage

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 17, 2026List Date

$1,388,888List Price

Map

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