Mixed-Use Building with
New
For Sale
$1,888,000
42-18 235 Street, Douglaston, NY 11363
Well-maintained mixed-use building with one storefront and two residential apartments near Douglaston LIRR Station.
Property Size3,120 SF
Lot Size0.12 Acres
Price / SF$605.13
Days on Market2
Property Features for 42-18 235 Street
General Information
Standard status
Active
Size
3,120 SF
Lot size
0.12 Acres
Property subtype
Triplex
Additional Details
Highway Access
Yes
Building Details
Building Size
3,120 SF
Year Built
1970
Buildings
1
Listing Agency:
Prime Realty
(917) 254-0248
Listed By:
Shirley Y. Chen
Source:
Cottiemaxwellrealestate
Added: Jul 30
Changed: Jul 31
Last Checked: Jul 31 at 3:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Prime Realty
Investment Insights
Based on property information with market context.
This well-maintained mixed-use property includes 1 commercial storefront and 2 residential apartments. The building sits on a 20' x 258' lot, with a building footprint described as 20' x 215; 52'. Approximately 3,120 SF of space is contained in the structure, and the property was built in 1970.
Conveniently located near the Douglaston LIRR Station, Northern Boulevard, and the Cross Island Parkway, the property is positioned close to shopping and restaurants. It is also within School District 26.
The configuration supports a range of real estate approaches, including investment and owner-user use, with the storefront and residential units providing on-site income opportunities.
Conveniently located near the Douglaston LIRR Station, Northern Boulevard, and the Cross Island Parkway, the property is positioned close to shopping and restaurants. It is also within School District 26.
The configuration supports a range of real estate approaches, including investment and owner-user use, with the storefront and residential units providing on-site income opportunities.
Key Highlights
- 1 commercial storefront plus 2 residential apartments
- 20' x 258' lot with 20' x 215; 52' building
- Approximately 3,120 SF mixed‑use building
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $144.1k | $46.20 |
| − Vacancy | −$5.5k | −$1.76 |
| EGI | $138.7k | $44.44 |
| − OpEx | −$62.4k | −$20.00 |
| NOI | $76.3k | $24.44 |
3,120 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$953.3K – $1.27M
NOI $76,267 @ 7.0% cap · market cap 4.04%
Second Best
Retail
$795.6K
$696.2K – $928.2K
NOI $55,692 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$2.30M
$2.01M – $2.68M
NOI $161,007 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
689
Businesses Nearby
Explore this area
Business Placement
Demographics for 11363, NY
7,208
Population
3,002
Households
2.4
Avg Household Size
47
Median Age
55%
College-Educated
91%
High-School Grad
0.9 sq mi
ZIP Area
8,009
Density / Sq Mi
$110,833
Median Household Income
$68,985
Median Earnings
$2,235
Median Rent
$1,019,400
Median Home Value
Market
Properties on Market for Mixed-use properties in Queens County
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Well-maintained mixed-use building with one storefront and two residential apartments near Douglaston LIRR Station.
Where is this mixed-use property located?
The property is located at 42-18 235 Street Douglaston, NY.
What is the asking price?
The asking price for this property is $1,888,000.
What are key features of this property?
This property features: 1 commercial storefront plus 2 residential apartments; 20' x 258' lot with 20' x 215; 52' building; Approximately 3,120 SF mixed‑use building
