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4236 235th Street

Douglaston, NY 11363
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Acres0.19

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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 ***

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Detail Ic Property Details

Property Type : Residential Income

Price : $2,550,000

AD Id : 85534550

MLS Id : 1015839

Lot Size : 0.19 Acre

Year Built : 1968

County : Queens

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Feature Features

  • Room Information

    Basement: Finished, Full
  • Interior Features

    Storage
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas Has Cooling: Yes Cooling: Wall/Window Unit(s)

  • Building Information

    Year Built: 1968 Building Area Total: 1600 Construction Materials: Brick Private Pool: No

  • Lot Information

    Lot Size Acres: 0.1905 Lot Size Square Feet: 8297

  • Listing Price Information

    Listing Price: $2550000

  • Tax Information

    Parcel Number: 08099-0131 Annual Tax: $15558

  • Parking Information

    On Street

  • School Information

    Elementary School: Ps 98 Douglaston School
    Junior High School: Jhs 67 Louis Pasteur
    Senior High School: Benjamin N Cardozo High School
  • Utility Information

    Natural Gas Available, Electricity Available, Electricity Connected, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Location Information

    WaterSource: Public
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 OneKey MLS. All Rights Reserved

ByOwner last updated this listing 06/25/2026 @ 17:36

MLS: 1015839 LISTED BY: Marek Sobolewski, Trademarko Realty Inc 718-502-5141 SOURCE: OneKey MLS

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