7345 197th Street, Fresh Meadows, NY, 11366
About This Home
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.
Getting Around
Car-Dependent
Very Limited Transit
Very BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 1955
Materials
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subType: Duplex,Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Finished,Full
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Features
- First Floor Bedroom,First Floor Full Bath
Heating & Cooling
- Heating features: Has Heating (Unspecified Type)
- Cooling features: Wall/Window Unit(s)
Interior Area
- Total structure area: 1,848
- Total interior livable area: 1,848 sqft
Property
Details
- Parcel number: 071850062
- Attached to another structure: Yes
- Special condition: None
Lot
- Lot size: 3,089 sqft
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
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
- Cold Wave
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Queens County and New York
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $8,034 | $96,408 |
| Home Insurance * | $263 | $3,156 |
| Property Taxes | $993 | $11,916 |
| Electricity | $305 | $3,664 |
| Total | $9,595 | $115,140 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-05 | Listed for sale | $1,588,888 |
| 2018-08-03 | Listing removed | $2,700 |
| 2018-07-20 | Price change | $2,700 |
| 2018-07-12 | Listed for rent | $2,900 |
| 2018-06-25 | Sold | $999,000 |
| 2018-03-09 | Listing removed | $1,280,000 |
| 2018-01-28 | Price change | $1,280,000 |
| 2018-01-18 | Price change | $1,330,000 |
| 2018-01-09 | Listed for sale | $1,380,000 |
| 2011-05-03 | Sold | $680,000 |
| 2010-12-31 | Price change | $733,500 |
| 2010-11-20 | Listed for sale | $745,000 |
| 2004-11-08 | Sold | $566,000 |
View on Zillow