23-40 124th Street
Queens, NY 11356
4
Bed
2.5
Bath
2,178Sqft
0.11Acre(Lot)
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 lo
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 4Bathroom Information
Full Baths: 2 Half Baths: 1Room Information
Has Basement: Yes Basement: Unfinished -
Flooring Information
Hardwood, Tile -
Roofing Information
Shingle -
Interior Features
Roof: Shingle Appliances: Gas Water Heater, Refrigerator, Cooktop -
Heating & Cooling
Has Heating: Yes Heating: Hot Water, Oil
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Building Information
Year Built: 1920 Building Area Total: 2178 Construction Materials: Aluminum Siding Stories: 2 Private Pool: No
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Lot Information
Lot Dimensions: 100 x 48 Lot Size Acres: 0.11 Lot Size Square Feet: 4800
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Listing Price Information
Listing Price: $1250000 Original Price: $1388888
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Tax Information
Tax Lot: 44 Tax Block: 4227 Annual Tax: $6444
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Parking Information
Garage, Detached
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1124 128th Street, Queens, NY, 11356 | $2,480,000 | 6 | 4.5 | 4,097 | 4,097 SqFt |
| 23-40 124th Street, Queens, NY, 11356 | $1,250,000 | 4 | 3 | -- | |
| 125-11 7th Avenue, Queens, NY, 11356 | $1,449,999 | 5 | 2.5 | 2,631 | 2,631 SqFt |
| 22-08 120th Street, Queens, NY, 11356 | $1,680,000 | 12 | 6 | 4,300 | 4,300 SqFt |
Similar Multifamily To 23-40 124th Street
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ByOwner last updated this listing 06/11/2026 @ 23:06
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