Ad #7581511
MLS #2602035
Two family residence in need of updating, offering a strong
23-40 124th St, Queens, NY 11356
$1,250,000
4Beds
3Baths
2,178Sqft
0.11Acres
About this property
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.
Property Features
4 Beds
3 Baths
2,178 Sqft
Built in 1920
0.11 Acres
2 Stories
Off Street, Driveway
Siding: Aluminum Siding
Oil, Hot Water(Heating)
$6,444 / yr property tax
Queens County
Additional Photos
Contact Information
Pamela Fulfrost
ROBERT DEFALCO REALTY , INC.
718-987-7900
Location
Listing Agent: Pamela Fulfrost 718-987-7900
Broker: ROBERT DEFALCO REALTY , INC. 718-987-7900 Listing Site
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.
Broker: ROBERT DEFALCO REALTY , INC. 718-987-7900 Listing Site
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.
BeachHouse.com
Printed Aug 12, 2026
Photo Gallery
$1,250,000
4
Beds
3
Baths
2,178
Sqft
23-40 124th St, Queens, NY 11356
By contacting this agent you agree to these Terms and Conditions.
MLS# 2602035
Two family residence in need of updating, offering a strong
$1,250,000
23-40 124th St, Queens, NY 11356
4
Beds
3
Baths
2,178
Sqft
0.11
Acres
$1,250,000
23-40 124th St, Queens, NY 11356
4 Beds
3 Baths
2,178 Sqft
0.11 Acres
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.
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Property Details
HOME DETAILS
4 Beds
3 Baths
2,178 Sqft
Built in 1920
0.11 Acres
2 Stories
EXTERIOR
Off Street, Driveway
Siding: Aluminum Siding
INTERIOR
Oil, Hot Water(Heating)
FINANCIAL & COMMUNITY
$6,444 / yr property tax
Queens County
See More Details
Location
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Ad Statistics
Ad Number
7581511
Viewed
72 times
Listing Status
Active
Added
Apr 16, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Staten Island Board of Realtors
Source Property ID
2602035
Listing Agent: Pamela Fulfrost 718-987-7900
Broker: ROBERT DEFALCO REALTY , INC. 718-987-7900 Listing Site
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.
Broker: ROBERT DEFALCO REALTY , INC. 718-987-7900 Listing Site
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.
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