4236 235th St Flushing, NY 11363
Douglaston NeighborhoodEstimated payment $15,044/month
Highlights
- Storage
- 1-minute walk to Douglaston Station
- 3-minute walk to Catherine Turner Richardson Park
- P.S. 098 The Douglaston School Rated A
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 ***
Listing Agent
Trademarko Realty Inc Brokerage Phone: 718-502-5141 License #10311207231
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,558
Year Built
- Built in 1968
Lot Details
- 8,297 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- Duplex
- Brick Exterior Construction
Interior Spaces
- Storage
- Finished Basement
- Basement Fills Entire Space Under The House
Schools
- Ps 98 Douglaston Elementary School
- JHS 67 Louis Pasteur Middle School
- Benjamin N Cardozo High School
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Uses Natural Gas
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 08099-0131
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $15,313 | $151,290 | $56,250 | $95,040 |
| 2025 | $15,395 | $142,290 | $56,250 | $86,040 |
| 2024 | $15,395 | $145,350 | $56,250 | $89,100 |
| 2023 | $14,776 | $139,500 | $56,250 | $83,250 |
| 2022 | $14,906 | $138,600 | $56,250 | $82,350 |
| 2021 | $14,485 | $135,450 | $56,250 | $79,200 |
| 2020 | $16,112 | $173,250 | $56,250 | $117,000 |
| 2019 | $15,197 | $164,250 | $56,250 | $108,000 |
| 2018 | $14,308 | $136,082 | $56,250 | $79,832 |
| 2017 | $13,617 | $129,512 | $56,250 | $73,262 |
| 2016 | $13,400 | $129,512 | $56,250 | $73,262 |
| 2015 | $9,765 | $124,112 | $54,360 | $69,752 |
| 2014 | $9,765 | $138,332 | $52,650 | $85,682 |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | -- | -- |
Source: OneKey® MLS
MLS Number: 1015839
APN: 08099-0131
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Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.