Welcome to 61-40 173rd Street, fully detached two-family home in the highly desirable neighborhood of Fresh Meadows, Queens. This modern property is currently occupied with tenants and generating strong rental income—making it an ideal opportunity for investors. The first-floor unit features a comfortable 2-bedroom, 1-bath layout, while the second-floor duplex unit offers 3 bedrooms and 2 full bathrooms with two levels, delivering spacious, well-separated living quarters ideal for comfortable multi-family living.
Built in 2005, the home also includes a finished basement with a half bathroom and a laundry room, providing additional living and utility space and a one car garage with a private driveway. Located near St. John’s University, Queens College, Kissena Park, and public schools, the property also offers quick access to public transportation, major highways (LIE & Grand Central Pkwy), and local shopping destinations like Fresh Meadows Shopping Center and Cunningham Park Plaza. With high rental income already in place, this is a rare turnkey investment opportunity in one of Queens’ most in-demand rental markets.
Listed by Charles Chul Chang CBR
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Exit Realty Team
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718-358-4000
Listed by Hae Ryung A. Chang
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Exit Realty Team
Last updated July 31, 2025
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Source: OneKey #891938
Listing Facts
TypeMulti-family
NeighborhoodFlushing Heights
Bedrooms5
Bathrooms4
Days on Prevu48
Taxes$13,307/year
Amenities
Air Conditioning
Parking
Location
Mortgage Calculator
Listing History
07/21/2025
Listed by Exit Realty Team
$1,699,000
Estimated Closing Costs
Total
$60,300
Attorney Fees
$4,000
NYC Mansion Tax
$16,990
Title Insurance
$7,646
Bank Attorney
$1,500
Mortgage Recording Tax
$26,164
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $1,699,000 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 61-40 173 Street
Exterior
Construction
Number Of Units Total: 2
Year Built: 2005
Construction Materials: Frame
Measurements
Building Area Total: 2,620
Building Area Units: Square Feet
Lot Size Dimensions: 30,100
Lot Size Square Feet: 3,000
Financial
Taxes
Tax Annual Amount: $13,307.00
Tax Year: 2025
Interior
Features
Interior Features: First Floor Bedroom, First Floor Full Bath
Rooms
Basement: Finished, Full
Has Basement: Yes
Bathrooms Full: 4
Bathrooms Total Integer: 4
Bedrooms Total: 5
Parking
Parking
Garage Spaces: 1
Garage: Yes
Parking Total: 3
Schools
Elementary School
Elementary School: Ps 173 Fresh Meadows
Elementary School District: Queens 26
High School
High School: Francis Lewis High School
High School District: Queens 26
Middle or Junior School
Middle Or Junior School: Jhs 216 George J Ryan
Middle Or Junior School District: Queens 26
Utilities
Equipment
Cooling: Central Air
Heating: Natural Gas
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected
Water Source: Public
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