$ 2,550,000
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$2,550,000
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0
Bed -
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SqFt
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About the Listing TRDM01 - 156410
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 Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Wall/Window Unit(s)
- Heating: Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished,Full
- Other: Storage
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $15,558
- Taxes w/Assessments: N/A
- Tax/Property ID: 08099-0131
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
4236 235th St Douglaston, NY 11363
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