Buy with Yoreevo
$1,364,582
List Price: $1,388,888
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23-40 124th Street
House in College Point •  building info
4bd • 2.5ba • 2,178ft² $638 per ft²
Buy with Yoreevo

$1,364,582

List Price

$1,388,888

Key Details
Days on market
8
Last price change
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Estimated payment
$8,031/mo
Taxes
$537/mo
Maintenance
N/A
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.

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Building amenities
Services and facilities
Parking

Garage

Building info

History
What it'll cost
Purchase price
$1,388,000
Asking Price: $1,388,888
Term
30 Years
Down Payment
$138,000 (10%)
Min: 10% (138,000)
Rate
6.0 %
Mortgage Amount
$1,249,999
Mortgage Payment
$7,494
Taxes
$537
Estimated Yoreevo rebate
$24,306
Estimated closing cost
$50,000
Total monthly cost $8,031
Buy your dream home with us and get an estimated $24,306 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Robert DeFalco Realty Inc

Information ©2026, OneKey MLS. All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.