21610c73-4986-4159-b2e8-18eb401266f6 | Image 1

23-40 124th Street, Queens, NY

Real Estate

For Sale

Listed price in listed location currency (USD).

$1,388,888

432

MLS® 2602035

Overview

Key Facts

Type Duplex

Levels Residential Income

Size -

Garage Yes

Taxes $6,444

Days Active 1

Lot Size 0.11 acres

Approx. Age 1920

MLS® Number 2602035

Property Address: 23-40 124th Street, Queens, NY, 11356

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 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.

MLS® Number2602035

Laundry Level

Central VacNo

FireplaceNo

Acreage0.11

Exterior

GarageYes

Approx. Age1920

BasementUnfinished

DrivewayGravel, Driveway, Off Street

Garage Spaces2

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 16, 2026List Date

$1,388,888List Price

Map

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