4236 235th Street, Douglaston, NY, 11363
1968
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 ***
Status:
Coming Soon
On Market Date:
07/01/2026
Type:
Commercial
Heating:
Natural Gas
Cooling:
Wall/Window Unit(s)
Basement:
Finished, Full
Acreage:
0.19
Est. Taxes:
$15,558
Assessment
$180,450
Construction
Brick
Utilities
Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Trash Collection Public, Water Available, Water Connected
Elementary School:
Ps 98 Douglaston School
Middle School:
Jhs 67 Louis Pasteur
High School:
Benjamin N Cardozo High School
School District:
Community District 26
MLS #:
1015248
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Trademarko Realty Inc 718-502-5141