Welcome to 48-50 188th Street, Fresh Meadows, NY 11365, ideally situated in a highly desirable Fresh Meadows location within sought-after School District 26.
This property features 2 bedrooms and 2 full bathrooms on a generous 40 x 100 lot, with exceptionally low annual property taxes of approximately $3,494. The existing home measures approximately 22 ft x 38.5 ft and offers tremendous potential for homeowners, investors, or builders.
With R2A zoning and approximately 3,000 sq. ft. of maximum buildable area, this property presents an excellent opportunity to extend the existing home or potentially build a brand-new residence, subject to architectural plans and NYC Department of Buildings approval.
Convenient transportation is another major advantage, with nearby Q17, Q45 and Q88 bus service. The Q17 provides direct service toward Downtown Flushing/Main Street and Jamaica, while the Q88 offers convenient access across Queens. Express bus service to Manhattan is also available along the 188th Street corridor.
Conveniently located near shopping, schools, parks, transportation and major highways. A rare opportunity combining a 40 x 100 lot, low taxes, excellent location and outstanding future development potential in the heart of Fresh Meadows.
For sale
$975,000
4850 188th Street, Fresh Meadows, NY 11365
2beds
836sqft
Single Family Residence, Residential
Built in 1940
4,000 Square Feet Lot
$-- Zestimate®
$1,166/sqft
$-- HOA
What's special
- 5 days
- 1,207
- 56
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Chase Global Realty Corp 718-355-8788,
Kayo Lee 917-225-5503,
Sophia X. Yao 929-260-9118,
Chase Global Realty Corp
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 1042821
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Refrigerator
Features
- First Floor Bedroom, First Floor Full Bath
- Basement: Finished,Full
- Attic: None
Interior area
- Total structure area: 836
- Total interior livable area: 836 sqft
Property
Parking
- Total spaces: 1
- Parking features: Driveway, Garage
- Garage spaces: 1
- Has uncovered spaces: Yes
Lot
- Size: 4,000 Square Feet
Details
- Parcel number: 056230052
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cape Cod
- Property subtype: Single Family Residence, Residential
Materials
- Frame
Condition
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Fresh Meadows
Financial & listing details
- Price per square foot: $1,166/sqft
- Tax assessed value: $843,000
- Annual tax amount: $3,494
- Date on market: 8/25/2026
- Cumulative days on market: 6 days
- Listing agreement: Exclusive Right To Sell
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/25/2026 | Listed for sale | $975,000$1,166/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $50,580 +3.7% |
| 2024 | -- | $48,780 -3.7% |
| 2023 | -- | $50,640 +7.4% |
| 2022 | -- | $47,160 -6.2% |
| 2021 | -- | $50,280 +9.5% |
| 2020 | $7,372 +0.8% | $45,900 +14.3% |
| 2019 | $7,313 +3.1% | $40,140 +18.4% |
| 2018 | $7,095 +8.8% | $33,916 +6% |
| 2017 | $6,523 +16.5% | $31,999 +6% |
| 2016 | $5,600 | $30,190 |
| 2015 | $5,600 +63.7% | $30,190 +0.8% |
| 2014 | $3,421 | $29,959 +6% |
| 2013 | -- | $28,264 +6% |
| 2012 | -- | $26,666 +6% |
| 2011 | -- | $25,159 |
| 2010 | -- | $25,159 +0.8% |
| 2009 | -- | $24,967 +6% |
| 2008 | -- | $23,554 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Flushing
Nearby schools
Schools provided by the listing agent
- Elementary: Ps 162 John Golden
- Middle: Jhs 216 George J Ryan
- High: Francis Lewis High School
Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




