2340 124th Street, Queens, NY 11356 (MLS # 2602035)

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PRICE $1,388,888 dsIDX morgage calculator
BEDS 4
BATHS 3
HOME SIZE 2,178 sqft
LOT SIZE 4,792 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 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.

DAYS ON MARKET 16 LAST UPDATED 4/16/2026
YEAR BUILT 1920 COMMUNITY Off Island
GARAGE SPACES 2.0 COUNTY Queens
STATUS Active PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
AIR None, Window Unit(s)
AIR CONDITIONING Yes
AREA Off Island
BASEMENT Unfinished, Yes
CONSTRUCTION Aluminum Siding
GARAGE Yes
HEAT Hot Water, Oil
LOT 4792 sq ft
LOT DESCRIPTION Back Yard
LOT DIMENSIONS 48x100
PARKING Gravel, Driveway, Off Street
SEWER Public Sewer
STORIES 2
TAXES 6444
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Listed with Robert DeFalco Realty, Inc.
All information deemed reliable, but not guaranteed accurate, and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor J Milo Real Estate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. All information presented herein, including: property type, actual square footage, legal use of premises, room count, room dimensions, number of bedrooms, tax data, and property zoning should be verified by your qualified attorney, licensed architect, or tax professional.
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