$2,550,000

4236 235th Street, Douglaston, NY 11363

  • 1,600 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1968
  • Property Lot Size Icon8,298sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $1,594/sqft
  • Property List Date Icon Listed 8 days ago

Property Description

A defining moment in Douglaston's evolution. Welcome to 42-36 235th Street—an exceptional mixed-use property offering the perfect blend of stabilized income and massive development upside on a prominent 8,167 SF lot. This property is ideal for an owner-user or a savvy developer. The ground-floor commercial space provides strong, reliable cash flow via a with a large national chain tenant through October 2027. Meanwhile, the spacious lower level is entirely vacant and ready for immediate occupancy—perfect for an owner-operator's business, or capable of being re-leased at an estimated $3,500/month. For the visionary developer, the property comes with a preliminary zoning analysis detailing an as-of-right vertical expansion. Without the need for a lengthy rezoning process, an incoming buyer can build two additional residential floors (adding 5 dwelling units) over the existing retail structure. Key Features: * Upgraded Power: Brand-new (2025) 400-amp 3-phase service (commercial) and 100-amp service (lower level) entirely eliminates initial capex. * Prime Location: Unbeatable convenience with a 92/100 Transit Score and 96 Walk Score. Just seconds from the Douglaston LIRR station for a rapid commute to Manhattan. * Low Risk, High Reward: Capitalize on below-market in-place cap rates with the security of a national anchor tenant, while planning your 5-unit residential expansion. * Situated in a great neighborhood with a median household income over avarage , right by the train station to Manhattan *** Please note that some photos were digitally altered ***

Listing Status:
Active
Data Last Updated:
June 25, 2026 at 7:22AM
Listing Office:
Trademarko Realty Inc : 718-502-5141
MLS ID:
1015839
  • General: Storage
  • Basement: FinishedFull
  • A/C: Wall/Window Unit(s)
  • Heating: Natural Gas
  • Parking: On Street
  • Originating MLS: onekey2
  • School District: Queens 26
  • County: Queens
  • Zoning: 08099-0131
  • Utilities: Electricity AvailableElectricity ConnectedNatural Gas AvailableNatural Gas ConnectedSewer AvailableSewer ConnectedTrash Collection PublicWater AvailableWater Connected
  • Water: Public
  • Sewer: Public Sewer
  • Source: onekey2

This listing courtesy of Trademarko Realty Inc

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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