Welcome to 48-50 188th Street, Fresh Meadows, NY 11365, ideally situated in a highly desirable Fresh Meadows location within sought-after School District 26. This property features 2 bedrooms and 2 full bathrooms on a generous 40 x 100 lot, with exceptionally low annual property taxes of approximately $3,494. The existing home measures approximately 22 ft x 38.5 ft and offers tremendous potential for homeowners, investors, or builders. With R2A zoning and approximately 3,000 sq. ft. of maximum buildable area, this property presents an excellent opportunity to extend the existing home or potentially build a brand-new residence, subject to architectural plans and NYC Department of Buildings approval. Convenient transportation is another major advantage, with nearby Q17, Q45 and Q88 bus service. The Q17 provides direct service toward Downtown Flushing/Main Street and Jamaica, while the Q88 offers convenient access across Queens. Express bus service to Manhattan is also available along the 188th Street corridor. Conveniently located near shopping, schools, parks, transportation and major highways. A rare opportunity combining a 40 x 100 lot, low taxes, excellent location and outstanding future development potential in the heart of Fresh Meadows.