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7345 197th StreetFresh Meadows, NY 11366

For Sale

$1,588,888

Smart Buyer Rebate $19,861

Exceptional fully updated 2-family home in the heart of Fresh Meadows, ideally located near parks, transportation, shopping, and dining.

Perfect for end-users seeking rental income or investors looking for a turnkey opportunity. Renovated just two years ago, this property features modern kitchens, updated bathrooms, and a fully finished basement with a laundry room. The first-floor unit offers access to the finished basement and includes a spacious living room, formal dining area, and an updated kitchen with direct access to the driveway and private backyard. Two generously sized bedrooms and a full bathroom complete the layout.

The second-floor unit mirrors the first, offering a well-designed layout with a large living room, dining area, updated kitchen, two spacious bedrooms, and a beautifully renovated bathroom.

The property is fully occupied by reliable tenants, making it an excellent income-producing asset.

Located just two blocks from Cunningham Park, a 358-acre green space featuring sports fields, trails, and recreational areas. Conveniently situated near Union Turnpike and Francis Lewis Blvd, with easy access to multiple bus lines, the Long Island Expressway, and the Grand Central Parkway. Close to schools, shopping, and restaurants.

Listed by Gregory R. Schmidt

·

Mark International R E Corp

·

718-987-4500

Last updated May 17, 2026

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Source: OneKey #994495

Listing Facts

  • TypeMulti-family
  • NeighborhoodFresh Meadows
  • Bedrooms4
  • Bathrooms3
  • Days on Prevu41
  • Taxes$11,373.72/year

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

05/05/2026
Listed by Mark International R E Corp
$1,588,888

Estimated Closing Costs

Total
$57,006
Attorney Fees
$4,000
NYC Mansion Tax
$15,888
Title Insurance
$7,150
Bank Attorney
$1,500
Mortgage Recording Tax
$24,468
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $1,588,888 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 7345 197th Street

Exterior

Construction

  • Number Of Units Total: 2
  • Property Attached: Yes
  • Property Condition: Updated/Remodeled
  • Year Built: 1955
  • Architectural Style: Colonial
  • Construction Materials: Brick

Measurements

  • Building Area Total: 1,848
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.07
  • Lot Size Square Feet: 3,089

Financial

Taxes

  • Parcel Number: 07185-0062
  • Tax Annual Amount: $11,373.72
  • Tax Assessed Value: $73,800.00
  • Tax Year: 2025

Interior

Features

  • Interior Features: First Floor Bedroom, First Floor Full Bath

Rooms

  • Basement: Finished, Full
  • Has Basement: Yes
  • Bathrooms Full: 3
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 4

Other

Location

  • Tax Block: 7185
  • Tax Lot: 62

Parking

Parking

  • Parking Features: Driveway

Schools

Elementary School

  • Elementary School: Ps 26 Rufus King
  • 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: Wall/Window Unit(s)
  • Heating: Natural Gas
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There are 4 bedrooms and 3 bathrooms in this multi-family home at 7345 197th Street.

What schools are nearby to 7345 197th Street?

Nearby schools include the Ps 26 Rufus King Elementary School, Jhs 216 George J Ryan Middle School, and Francis Lewis High School.

What are the annual taxes for 7345 197th Street?

Annual taxes for this multi-family home are estimated at $11,373.

How does 7345 197th Street compare to other multi-family homes in Fresh Meadows?

This multi-family home is listed 9% below the average price for multi-family homes in Fresh Meadows and has been on the market for 12 less days than the typical home in this area.

7345 197th Street is a 4-bedroom, 3-bath multi-family home for sale in Fresh Meadows NY 11366. On Prevu for 41 days at $1,588,888. This property is located in Fresh Meadows. The median listing price for multi-family homes in this area is $1,059,000. Nearby schools include Ps 26 Rufus King Elementary School, Jhs 216 George J Ryan Middle School, and Francis Lewis High School. Property amenities include parking. View other multi-family home listings in Queens.

The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey™ MLS. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. Information Copyright 2026, OneKey™ MLS. All Rights Reserved.

Full MLS Disclaimers

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.