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71-48 162nd St #3, Flushing, NY, 11365

3beds
2baths
988sqft
$748,000
$757price/sqft
$4,664/moest. monthly cost
$186,560/yrincome needed

About This Home

Welcome to 71-48 162nd Street, Unit #3, a spacious and beautifully maintained condo located in the heart of Fresh Meadows, Queens. This inviting residence offers 3 generously sized bedrooms, 2 full bathrooms, a bright living room, formal dining area, and a well-appointed kitchen designed for comfortable everyday living and entertaining. Step outside onto your private balcony, the perfect place to enjoy your morning coffee or unwind after a long day. Pet lovers will appreciate that pets are welcome, and the convenience of having private 1 car garage included with the purchase adds even more value. Monthly common charges are $455. Unit located on 3rd floor- walk-up. Situated in a quiet residential neighborhood, this home offers easy access to nearby shopping, dining, parks, and entertainment. Enjoy outdoor recreation at Cunningham Park or spend the day exploring Flushing Meadows Corona Park. Convenient shopping and everyday essentials can be found at Fresh Meadows Shopping Center and Fresh Meadows Place, while local restaurants and cafes offer a variety of dining options nearby. The area is known for its suburban feel while still offering convenient city access, with nearby Q17, Q30, Q31, Q46, Q65, and Q88 bus lines along Union Turnpike, Parsons Boulevard, and 71st Avenue, providing convenient connections to the E, F, M, and R subway lines, as well as easy access to major highways for commuting throughout Queens, Long Island, and Manhattan.

Getting Around

84
WalkingVery Walkable
0
TransitVery Limited Transit
76
BikeVery Bikeable

Schools

Construction

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Interior Area

  • Total structure area: 988
  • Total interior livable area: 988 sqft

Property

Details

  • Parcel number: 067971054
  • Special condition: Resale

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Cold Wave
Inland Flooding
Winter Weather
Tsunami

FEMA Declared Disasters in Queens County and New York

Flood
Severe Storm
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,782$45,384
Home Insurance *$169$2,028
Property Taxes $467$5,604
Electricity $246$2,954
Total$4,664$55,968
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$159,908/yr
40% on housing$139,920/yr
45% on housing$124,373/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 2.5%
2.5%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -0.4%
-0.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$757This listing

vs Other Active Listings

Avg $/sqft

ZIP 11365$640
Queens County$533

vs Homes Sold Last Month

Median $/sqft

ZIP 11365$723
Queens County$600

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-15Listed for sale$748,000

For Sale by Agent

AgentEtan Hakimi
BrokerageMitra Hakimi Realty Group, LLC

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