"Rare investment opportunity in the heart of College Point! This massive, completely detached three-story multi-unit building sits on an expansive 5,000 sq. ft. lot, offering a scale and footprint that is hard to find. Featuring 24 rooms, 6 kitchens, and 6 bathrooms, plus a full basement, the potential for high-yield rental income is unmatched.
The property is currently configured with three vacant units, while the others remain occupied—providing immediate cash flow while you renovate the rest. Please note: This home is looking for a buyer with a vision. It requires a significant amount of love, care, and a full renovation to restore it to its true glory.
Listed by Imran Khan
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Realty Executives Today
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718-274-2400
Last updated January 23, 2026
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Source: OneKey #954446
Listing Facts
TypeMulti-family
NeighborhoodCollege Point
Bedrooms12
Bathrooms6
Days on Prevu7
Taxes$18,017/year
Amenities
Parking
Location
Mortgage Calculator
Listing History
01/23/2026
Listed by Realty Executives Today
$1,025,000
Estimated Closing Costs
Total
$40,148
Attorney Fees
$4,000
NYC Mansion Tax
$10,250
Title Insurance
$4,613
Bank Attorney
$1,500
Mortgage Recording Tax
$15,785
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $1,025,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.
Property Details for 1524 124 Street
Exterior
Construction
Number Of Units Total: 6
Year Built: 1931
Construction Materials: Aluminum Siding
Measurements
Building Area Total: 5,400
Building Area Units: Square Feet
Lot Features: Back Yard, Cleared
Lot Size Acres: 0.11
Lot Size Dimensions: 50,100
Lot Size Square Feet: 5,000
Financial
Taxes
Parcel Number: 4040860031
Tax Annual Amount: $18,017.00
Tax Year: 2025
Interior
Features
Interior Features: Storage
Rooms
Basement: Full
Has Basement: Yes
Bathrooms Full: 6
Bathrooms Total Integer: 6
Bedrooms Total: 12
Other
Location
Tax Block: 4086
Tax Lot: 31
Parking
Parking
Carport Spaces: 2
Carport: Yes
Garage Spaces: 2
Garage: Yes
Parking Features: Carport
Parking Total: 4
Schools
Elementary School
Elementary School: Contact Agent
Elementary School District: Contact Agent
High School
High School District: Contact Agent
Middle or Junior School
Middle Or Junior School: Call Listing Agent
Middle Or Junior School District: Contact Agent
Utilities
Equipment
Heating: Natural Gas
Sewer: Public Sewer
Utilities: Electricity Connected
Water Source: Public
Frequently Asked Questions
How many bedrooms and bathrooms does this multi-family home have?
There are 12 bedrooms and 6 bathrooms in this multi-family home at 1524 124 Street.
What schools are nearby to 1524 124 Street?
Nearby schools include the Contact Agent Elementary School and Call Listing Agent Middle School.
Does this multi-family home have parking?
Yes, there are 2 parking spaces available for 1524 124 Street.
What are the annual taxes for 1524 124 Street?
Annual taxes for this multi-family home are estimated at $18,017.
How does 1524 124 Street compare to other multi-family homes in College Point?
This multi-family home is listed 25% below the average price for multi-family homes in College Point and has been on the market for 97 less days than the typical home in this area.
1524 124 Street is a 12-bedroom, 6-bath multi-family home for sale in College Point NY 11356. Listed on Prevu for 7 days at $1,025,000. This home is located in College Point. The median listing price for multi-family homes in this area is $1,039,998. Nearby schools include Contact Agent Elementary School and Call Listing Agent Middle School. The home offers parking. View other multi-family home listings in Queens.
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Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.