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Catherine Razzano
Licensed Real Estate Salesperson
REALTOR®, ABR
Cell: (516) 850-6075
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23-40 124th Street, College Point, NY 11356

$1,388,888
  • 23-40 124th Street, College Point, NY 11356 Main Photo

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New to the Market Active
BEDS4 BATHS2 full 1 partial SQUARE FEET2,178 MLS#986850
STATUSActive PROPERTY TYPEResidential - Single Family SCHOOLContact Agent

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 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.

23-40 124th Street | MLS# 986850

This single family home located at 23-40 124th Street, College Point, NY 11356 is currently listed for sale with an asking price of $1,388,888. This property was built in 1920 and has 4 bedrooms and 2 full and 1 partial baths with 2178 sq. ft. 23-40 124th Street is located within the Contact Agent school district. Search College Point real estate on catherinebroderickrazzano.cbamhomes.com today.

Property Features

Property Type: Residential - Single Family
Basement: Yes
Basement: Unfinished
Cooling: Multi Units
Garage: 2
Heating: Hot Water
Home Style: Colonial
Lot Size: 0.11 Acres
Taxes: $6,444
Year Built: 1920

Amenities

Original Details

Feature Descriptions

Appliances: Gas Range, Refrigerator
Exterior: Aluminum Siding
GarageY/N: Yes
On Market Date: 2026-04-17
Parking Features: Carport, Driveway, Garage, Off Street, On Street
Rental Term: Monthly
Rooms Total: 11
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected
Water: Public

Local Schools

High School: Contact Agent
Elementary School: Contact Agent
School District: Contact Agent

Estimate Your Payment

Estimated Payment

$ 7,965.07 per month $7,022.98 Principal & Interest $537.00 Property Tax $405.09 Homeowner's Insurance

Change Payment Information

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years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Listed By / Shown By

Listing By

Agency Name: Robert DeFalco Realty Inc
Agency Contact: 718-987-7900

agent picture

Shown By

Agent Name: Catherine Razzano
Agent Phone: Cell: (516) 850-6075
Agency Title: Coldwell Banker American Homes

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