Back to Search

Queens Two-Family Home Value-Add Opportunity

23-40 124th Street, Queens, NY 11356

View on Map

For Sale

$1,250,000

MULTI_FAMILY - Colonial - Queens, NY

Property size:

2,178 SF

Lot size:

0.11 Acres

Price / SF:

$573/SF

HighLights

Two‑family residence built in 1920 with colonial architectural style and aluminum siding
48' x 100' lot with detached two‑car garage plus driveway and off‑street parking
Heating: oil and hot water; cooling: window unit(s)
Public sewer and chain‑link fencing on the property
Tenant occupied, with expectation of delivery vacant for renovation or construction planning (subject to confirmation)
Under R4A zoning with an opportunity to explore expansion or redevelopment, including potential reconfiguration and ADU options subject to approvals and due diligence

We can help!

Listing Contact

Pamela Fulfrost

For Sale

$1,250,000

MULTI_FAMILY - Colonial - Queens, NY

Property size:

2,178 SF

Lot size:

0.11 Acres

Price / SF:

$573/SF

Added:: Apr 16, 2026
Days on Market:: 66
Last Refresh:: Jun 20 at 7:06 pm

Property Features for 23-40 124th Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: R4A
Bedrooms: 4
Bathrooms: 3
Rooms: Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 2
Parking features: Driveway, Off Street
Fencing: Fenced, Chain Link
Basement: Unfinished
Standard status: Active
Size: 2,178 SF
Lot size: 0.11 Acres

Taxes and HOA fees

Tax Annual Amount: 6444

Utilities

Sewer type: Public Sewer
Heating system: Oil, Hot Water(Heating)
Cooling system: Window Unit(s)

Building Details

Year built: 1920
Floors in Building: 2
Number of units: 2
Building materials: Aluminum Siding
Architectural style: Colonial

We can help!

Listing Contact

Pamela Fulfrost

Listing agent Pamela Fulfrost

Listing office Robert DeFalco Realty, Inc. 1678 Hylan Blvd., STATEN ISLAND, NY

Listing date Apr 16, 2026

MLS# 2602035 Listing URL

Copyright © 2026 Staten Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HighLights

Two‑family residence built in 1920 with colonial architectural style and aluminum siding
48' x 100' lot with detached two‑car garage plus driveway and off‑street parking
Heating: oil and hot water; cooling: window unit(s)
Public sewer and chain‑link fencing on the property
Tenant occupied, with expectation of delivery vacant for renovation or construction planning (subject to confirmation)
Under R4A zoning with an opportunity to explore expansion or redevelopment, including potential reconfiguration and ADU options subject to approvals and due diligence

Overview

This two-family residence, situated in Queens, presents a value-add opportunity for builders and developers. Located on a 48' x 100' lot, the property features a detached two-car garage. The home is underbuilt relative to the current allowable residential FAR under R4A zoning, suggesting potential for expansion or redevelopment. Reconfiguration, enlargement, or the addition of an internal or external Accessory Dwelling Unit (ADU) may be possible, subject to buyer due diligence and approvals. The property is located on a quiet residential block near local shopping, schools, parks, and transportation. The home is currently tenant occupied but expected to be delivered vacant, allowing for renovation or construction following closing, subject to confirmation. This property offers the ability to redesign layouts, modernize systems, and potentially enhance rental income upon completion, subject to renovation scope and approvals. The property size is 2178 square feet and the lot size is 0.11 acres.

Property Profile Location Intelligence

Current Use by Public Records

Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

Suggested Use

Location Insight

Map
Local Demand

City: Queens
County: Queens
State: New York
Longitude: -73.84456
Latitude: 40.777477

Nearby Similar for Sale

$999,000

2,880 SF

Spacious Two-Family Home in Queens

Semi-detached two-family home with income potential and convenient location.

10-37 BAY 31ST Street, Queens, NY 11691

View Details
$1,449,999

2,631 SF

Spacious Multifamily Home with Pool

Multifamily home in Queens with pool and ample parking.

125-11 7th Avenue, Queens, NY 11356

View Details
$999,000

3,705 SF

Brick Five-Unit Apartment Building

Five 1-bedroom apartments with two currently vacant, plus private driveway, garage, common laundry, and separate utilities.

137-16 88th Street, Queens, NY 11417

View Details
$2,480,000

4,097 SF

Detached Brick Two-Family Residence

Fully detached two-family brick home with side-by-side living, double-height space, balconies, and a private driveway.

1124 128th Street, Queens, NY 11356

View Details
$1,500,000

1,440 SF

Queens Village Multifamily Investment Property

Fully rented, renovated four-family house in Queens Village.

99-02 212th Street, Queens, NY 11429

View Details
$1,788,000

2,650 SF

Desirable Jackson Heights Multi-Family Home

Well-maintained triplex in Jackson Heights with tenant or vacant options.

77-16 25th Avenue, Queens, NY 11370

View Details
$1,680,000

4,300 SF

Upgraded Six-Family Residence, Queens

Income-producing six-family property with recent upgrades and private parking.

22-08 120th Street, Queens, NY 11356

View Details
$900,000

2,206 SF

Renovated Triplex in Queens, NY

Newly renovated triplex with versatile living spaces in Queens.

341 Beach 67th Street, Queens, NY 11692

View Details
$15,000,000

21,445 SF

NYU Medical Investment Opportunity

Fully leased medical office building in Queens, NY.

228-02 Merrick Boulevard, Queens, NY 11413

View Details
$1,500,000

1,210 SF

Newly Renovated Two-Family Duplex

Two-family home with newly updated interiors, five-car parking, and a fully finished basement with back entrance.

140-14 Charles Lane, Queens, NY 11413

View Details
$4,599,000

5,220 SF

Sunnyside Corner Commercial Property For Sale

Income-producing property with gas station, convenience store, and repair shop.

39-04 Skillman Ave, Queens, NY 11104

View Details
$1,999,888

4,500 SF

Mixed-Use Retail and Apartments

Low-rise mixed-use building with a ground-floor storefront and four rental apartments plus basement storage.

92-06 95th Avenue, Queens, NY 11416

View Details

For sale
Duplexes
NY
Queens
11356
23-40 124th Street

What type of property is this?

Duplex - Two-family home on a 48' x 100' lot.

Where is this duplex located?

The property is located at 23-40 124th Street Queens, NY.

What is the asking price?

The asking price for this property is $1,250,000.

What are key features of this property?

This property features: Two‑family residence built in 1920 with colonial architectural style and aluminum siding; 48' x 100' lot with detached two‑car garage plus driveway and off‑street parking; Heating: oil and hot water; cooling: window unit(s)

23-40 124th Street, Queens, NY 11356

MULTI_FAMILY - Colonial - Queens, NY

Property Features for 23-40 124th Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Spacious Two-Family Home in Queens

Spacious Multifamily Home with Pool

Brick Five-Unit Apartment Building

Detached Brick Two-Family Residence

Queens Village Multifamily Investment Property

Desirable Jackson Heights Multi-Family Home

Upgraded Six-Family Residence, Queens

Renovated Triplex in Queens, NY

NYU Medical Investment Opportunity

Newly Renovated Two-Family Duplex

Sunnyside Corner Commercial Property For Sale

Mixed-Use Retail and Apartments

FAQs

Create New Password