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$1,250,000

Est. payment - /mo

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4 Beds

3 Baths

2,178 SqFt

Pending

23-40 124th ST Queens, NY 11356

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Pending

Purchase Type For Sale

Square Footage 2,178 sqft

Price per Sqft $573

MLS Listing ID 2602035

Style Colonial

Bedrooms 4

Full Baths 2

Half Baths 1

Construction Status Poor

Year Built 1920

Annual Tax Amount $6,444

Lot Size 4,800 Sqft

Acres 0.11

Lot Dimensions 48x100

Property Sub-Type Duplex

Source Staten Island Multiple Listing Service

Property 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.

Location

State NY

County Queens

Area Off Island

Zoning R4A

Rooms

Basement Unfinished

Interior

Heating Hot Water, Oil

Cooling Window Unit(s)

Exterior

Parking Features Gravel, Driveway, Off Street

Garage Spaces 2.0

Total Parking Spaces 2

Building

Lot Description Back Yard

Sewer Public Sewer

Architectural Style Colonial

Structure Type Aluminum Siding

New Construction No

Construction Status Poor

Others

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Listed ByRobert DeFalco Realty, Inc.

NEARBY SCHOOL & BUSINESS

Salmon Real Estate has been selling residential homes and commercial property on Staten Island since 1956, making us the oldest independent real estate firm on Staten Island.

Our invaluable experience and resources means your needs are our priority. Salmon’s hands-on, team approach means we treat your real estate transaction as if it were our own: personally, professionally, and with over a half-century of know-how.

If you're interested in this listing and would like to learn more, just drop us your name info here and we'll get straight back with you to discuss it. We look forward to speaking with you.

+1(718) 273-1200

christine@salmonrealestate.com

1855 Victory Blvd, Island, NY 10314, United States

23-40 124th ST Queens, NY 11356

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

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23-40 124th ST