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$975,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 48-50 188th St
General
- Price: $975,000
- Taxes: $3,494
- Status: Active
- Type: Single Family
- Source: Long_Island
- MLS ID: 1042821
- Updated: 8/25/2026
- Added to Site: 1 day(s) ago
Interior
- Number of Rooms: 5
- Interior Features: First Floor Bedroom, First Floor Full Bath
- Appliances: Refrigerator
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Parking
- Garage: Yes
- Garage Spaces: 1
- Parking Features: Driveway, Garage
Location
- County: Queens
School Information
- High School District: Queens 26
- Elementary School: Ps 162 John Golden
- Middle School: Jhs 216 George J Ryan
- High School: Francis Lewis High School
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Baseboard
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Structural Information
- Architectural Style: Cape Cod
- Detached/Attached: Detached
- Construction: Frame
- Basement: Yes
- Basement Desc.: Finished, Full Basement
- Building Size: 836
- Square Feet: 836
- Sq. Ft. Source: Public Records
- Year Built: 1940
Lot Features
- Lot Size (Acres): 0.0918
- Lot Size (Sq. Ft.): 4,000
Financial Considerations
- Tax Amount: $3,494
Disclosures and Reports
- Special Conditions: None
- Property ID: 05623-0052
Listed by Chase Global Realty Corp
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Schools
Schools serving 48-50 188th St
School District:New York City Geographic School District 26
| Name | Grades | Distance |
|---|---|---|
Ps 162 John Golden 201-02 53rd Ave, Queens, NY 11361 | K-5 | 0.7 mi |
Francis Lewis High School 58-20 Utopia Pky, Queens, NY 11365 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 48-50 188th St
Date
Details
Price
Change
Source
8/25/2026
Listed
$975,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 48-50 188th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,546
-1%
$43,474
-11%
2024
$3,569
7%
$48,780
20%
2023
$3,324
-16%
$40,699
-14%
2022
$3,938
1%
$47,160
-6%
2021
$3,916
-47%
$50,280
10%
2020
$7,372
1%
$45,900
14%
2019
$7,313
18%
$40,140
18%
2017
$6,223
—
$33,916
6%
2017
$6,223
9%
$31,999
6%
2016
$5,725
2%
$30,190
—
2015
$5,594
9%
$30,190
1%
2014
$5,125
12%
$29,959
6%
2013
$4,562
—
$28,264
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 48-50 188th St
4850 188th Street, Fresh Meadows, NY 11365 (MLS# 1042821) is a Single Family property with 2 bedrooms and 2 full bathrooms. 4850 188th Street is currently listed for $975,000 and was received on August 25, 2026. Want to learn more about 4850 188th Street? Do you have questions about finding other Single Family real estate for sale in Fresh Meadows? You can browse all Fresh Meadows real estate or contact a Coldwell Banker agent to request more information.

