84-33 120th Street

84-33 120th Street, Kew Gardens, NY 11415An exceptional investment and end-user opportunity in the heart of Kew Gardens! This legal 3-family, all-brick home, built in 1973, sits on one of the largest lots in the neighborhood with an impressive 30’ x 170’ (approximately 5,600 sq. ft.) lot size.The property is currently configured as 3 bedrooms over 3 bedrooms over 1 bedroom, plus a full basement. Only the top-floor apartment is occupied by a long-term tenant paying $4,000 per month, which includes the attached garage and front driveway. The remaining apartments are vacant, providing immediate flexibility for an owner-occupant or investor to maximize rental income.In addition, the basement and detached garages are currently rented for storage by a separate tenant. Both existing tenants have an excellent history of on-time payments and would be happy to remain, offering immediate cash flow for an investor. Alternatively, the property can be delivered vacant if desired.Parking is truly unmatched, featuring an attached garage, a front driveway, an additional long private driveway running alongside the home, and a detached 3-car garage in the rear—a rare combination in Kew Gardens.For developers and investors, the property offers tremendous upside with R6B zoning, allowing for a maximum buildable area of approximately 10,464 square feet, while the existing structure is only about 3,100 square feet, leaving significant potential for future expansion (buyers should perform their own due diligence with an architect and the NYC Department of Buildings).Additional highlights include:Legal 3-family brick buildingBuilt in 1973Approx. 5,600 sq. ft. lot (30’ x 170’)Approx. 3,100 sq. ft. existing buildingR6B zoning with substantial development potentialMultiple garages and extensive off-street parkingAnnual property taxes of approximately $13,500Excellent opportunity for investors, developers, or owner-occupantsWhether you’re looking for immediate rental income, a spacious multi-family home, or a property with exceptional long-term development potential, 84-33 120th Street is a rare offering that combines location, flexibility, and future upside.