23-40 124th Street, Queens NY 11356
Photos
1 / 8101 days on market · Listed April 16, 2026
About 23-40 124th Street
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.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- ½ bathrooms: 1
Heating
- Hot Water, Oil
Cooling
- Window Unit(s)
Features
- Basement: Unfinished
Interior area
- Total interior livable area: 2,178 sqft
Virtual tour
Property
Parking
- Parking features: Gravel, Driveway, Off Street
- Garage spaces: 2
- Attached garage: No
Features
- Levels: Two
- Stories: 2
- Fencing: Back Yard, Chain Link, Fenced
Lot
- Size: 4,800 sqft (0.11 acres)
- Dimensions: 48x100
- Features: Back Yard
Details
- Zoning: R4A
Construction
Type & style
- Home type: Residential Income
- Property subtype: Duplex
- Architectural style: Colonial
Materials
- Aluminum Siding
Condition
- Poor
- New construction: No
- Year built: 1920
Utilities & green energy
- Electric: 220 Volts
- Sewer: Public Sewer
Community & HOA
Location
- Region: Queens
Financial & listing details
- Price per square foot: $574/sqft
- Annual tax amount: $6,444
- Date on market: 4/16/2026
- Listing agreement: Exclusive Right To Sell
- MLS#: 2602035
Why you'll love 23-40 124th Street in Off Island, Queens, NY
23-40 124th Street is a 4-bedroom, 3-bathroom multi-family home for sale in Off Island, Queens, NY. It offers approximately 2,178 square feet of living space and was built in 1920. It is offered at $1,250,000, MLS# 2602035.
Inside, 23-40 124th Street features a two layout, a unfinished basement, hot Water and Oil heat and window Unit(s) cooling. For parking, the property offers a 2-car garage and gravel and Driveway. It sits on a lot of roughly 4,800 square feet (about 0.11 acres).
Off Island offers convenient access to shopping, schools, parks, dining, and everyday essentials. Annual property taxes are approximately $6,444. To tour 23-40 124th Street in Off Island, contact Neuhaus Realty — Staten Island's #1 real estate agency since 1969 — to schedule a private showing.
Location
MLS# 2602035. Listing courtesy of Robert DeFalco Realty, Inc.. Listing information is provided by the Staten Island Multiple Listing Service, Inc.. Listing data is deemed reliable but is not guaranteed accurate by the MLS.
