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Welcome to 75-21 198th Street, Fresh Meadows, NY 11366 — a well-maintained semi-detached brick two-family home located in one of Queens’ most sought-after residential neighborhoods. Built in 1950 and situated on a 36x78 lot with R3-2 zoning, this property offers excellent space, flexibility, and investment potential. The building size is approximately 22x42 and also includes a high ceiling full basement providing additional storage or recreational possibilities. This property features a private driveway with a double garage, offering convenient off-street parking. Nestled on a quiet, tree-lined residential street, the home is located within highly regarded School District 26. Conveniently located near Francis Lewis Boulevard, Union Turnpike, and the Long Island Expressway (I-495), offering easy access throughout Queens, Long Island, and Manhattan. Close proximity to Cunningham Park, Fresh Meadows Shopping Center, St. John’s University, schools, restaurants, supermarkets, and everyday conveniences. Public transportation options nearby include multiple local and express bus lines. Excellent opportunity for end-users, investors, or multi-generational living in a prime Fresh Meadows location. Property to be sold in as-is condition.
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Our Executive Mortgage Banker:
$1,350,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,080,000 | $1,080,000 | $1,080,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $908 | $908 | $908 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,048 | $6,562 | $9,041 |
| Total Monthly Payment | $7,081 | $7,595 | $10,074 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.