Price Reduced 10.00%
Price History
$1,388,888
4/17/2026
$1,250,000
5/6/2026
23-40 124th Street, College Point, NY, 11356
11 rooms
4 beds
2 Full / 1 Half baths
1920
Colonial
2,178 sqft
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.
Status:
Active
Type:
Single-family residential
Garage:
2-car
Heating:
Hot Water
Cooling:
Multi Units
Basement:
Unfinished
Parking:
Carport, Driveway, Garage, Off Street, On Street
Est. Taxes:
$6,444
Construction
Aluminum Siding
Utilities
Electricity Connected, Natural Gas Connected
Elementary School:
Contact Agent
Middle School:
Call Listing Agent
High School:
Contact Agent
School District:
Contact Agent
Days on Market:
19
Appliances:
Gas Range, Refrigerator
MLS #:
986850
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Robert DeFalco Realty Inc 718-987-7900