4236 235th Street, Douglaston, NY 11363
Local realty services provided by:CENTURY 21 American Homes
4236 235th Street,Douglaston, NY 11363
$2,550,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Coming Soon
Listed by: marek sobolewski
Office: trademarko realty inc
MLS#:1015839
Source:OneKey MLS
Price summary
- Price:$2,550,000
About this home
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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Home facts
- Year built:1968
- Listing ID #:1015839
- Updated:June 20, 2026 at 01:46 PM
Rooms and interior
- Basement:Yes
- Basement Description:Finished, Full
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Year built:1968
- Construction Materials:Brick
Schools
- High school:Benjamin N Cardozo High School
- Middle school:Jhs 67 Louis Pasteur
- Elementary school:Ps 98 Douglaston School
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer, Sewer Available
Finances and disclosures
- Price:$2,550,000
- Tax amount:$15,558 (2025)
Features and amenities
- Amenities:Storage
Parking
- Parking description:On Street
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