Project Description

For Sale: Renovated Retail Building in Little Neck, NY

4236 235th St, Little Neck, NY 11363

Executive Summary:

Price: $4,000,000
Building Size: 3,600 SF
Property Type: Retail
Lot Size: 0.19 Acres
Year Built: 1968 / 2022
Cap Rate: 6.51%
NOI: $260,250
Location:
4236 235th St
Little Neck, NY 11363

Investment Highlights

  • Property Currently Consists of 2 Retail Units & Basement Space
  • Ideal For Sale or For Lease
  • Currently 3,600 SF Building – Development Potential 7,500 SF
  • One Retail Unit is Renovated & Ideal For Restaurant Use
  • Formerly Used as Chinese Restaurant W/Fridge & Ansul Hood In Place
  • Second Retail Unit is a Vanilla Box (Ready For TI)
  • Next to Douglaston LIRR Station, Buses, Thruways & Highway
  • Near Apartments, Offices & Retail – Great For Business
  • As of Right Zoning – Allows for Building Push Back & Additional Floor

Investment Summary

American Investment Properties is exclusively retained to sell 42-36 235th Street in Little Neck, New York. At this location is 2 retail unit and a basement. The building is currently 3,600 SF in size.

The restaurant space has been fully renovated and comes with walk-in fridge and ansul hood in place. The other retail space is was renovated as a vanilla box, meaning it will be finished in a neutral state and ready for tenant improvements.

There is also a strong development opportunity to expand the building to a potential total of 7,500 SF. Please request more information using the form below for more details.

About Little Neck, NY

Little Neck is a neighborhood located in the northeast corner of the borough of Queens, part of the Metropolitan area of New York City. It is part of Queens Community Board 11. Due to its close proximity to Nassau County, the neighborhood remains one of the most suburban looking areas in New York City.

Little Neck is surrounded by Little Neck Bay on the north, Great Neck on the east, the Grand Central Parkway on the southern border, and Douglaston on the west. The Little Neck station is the easternmost New York City station on the Port Washington Branch of the Long Island Rail Road. It takes just 40 minutes to travel in downtown Manhattan.

Notable people living in Little Neck include Anthony Raneri (member of Alternative band Bayside), Alan Kalter (announcer on the Late Show with David Letterman), William K. Vanderbilt Jr. (millionaire and early auto enthusiast), and George Tenet (former Director of Central Intelligence for the United States). Little Neck is served by New York City Department of Education school district. It is home to PS 94 David D. Porter, PS 221 North Hills, and Louis Pasteur Middle School. Older students attend the Benjamin Cardoza High School on Springfield Boulevard in neighboring Bayside.

Contact Broker

Ron Koenigsberg - Commercial Real Estate BrokerRon Koenigsberg, CCIM
President
Ron@aiprops.com
(O) 516.393.2300
(F) 516.390.5780

Request more information on this property: