BEDS0
BATHS
MLS#1015839
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLQueens 26
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 ***
Property Features
Property Type: Multi Unit - Multiple
Basement: Finished, Full
Basement: Yes
Cooling: Wall/Window Unit(s)
Heating: Natural Gas
Lot Size: 0.19 Acres
Taxes: $15,558
Year Built: 1968
Amenities
Storage
Feature Descriptions
Building Area Total: 1600
Days on Site: 27
Exterior: Brick
On Market Date: 2026-06-23
Parcel Number: 08099-0131
Parking Features: On Street
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 2
Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Trash Collection Public, Water Available, Water Connected
Water: Public
Local Schools
High School: Benjamin N Cardozo High School
Middle School: Jhs 67 Louis Pasteur
Elementary School: Ps 98 Douglaston School
School District: Queens 26
Listed By / Shown By
Listing By
Agency Name: Trademarko Realty Inc
Agency Contact: 718-502-5141
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Estimate Your Payment
Estimated Payment
$ 7,212.00 per month $5,230.08 Principal & Interest $1,296.50 Property Tax $685.42 Homeowner's InsuranceChange Payment Information
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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4236 235th Street | MLS# 1015839
This multi-family property located at 4236 235th Street, Douglaston, NY 11363 is currently listed for sale with an asking price of $2,350,000. 235th Street is located within the Queens 26 school district. Search Douglaston real estate on www.coldwellbankerchoice.com today.