9503 Cresskill Place,Jamaica, NY 11435
Jamaica, NY 11435
Description
95-03 & 95-07 Cresskill Place 8 FREE-MARKET UNITS | TWO BUILDINGS | DEVELOPMENT UPSIDE | STRONG IN-PLACE CASH FLOW A rare opportunity to acquire two adjacent four-unit multifamily buildings in a quiet residential enclave of Jamaica, Queens. Offered as a package, this well-maintained portfolio consists of eight free-market residential units with strong in-place income and significant future upside through expansion or redevelopment. Downtown Jamaica is a vibrant hub in Queens, known for its bustling retail district, diverse shopping, and strong sense of community. York College anchors the area with its expansive campus and contributes to the neighborhood's strong residential demand. Residents enjoy convenient access to parks, museums, fitness centers, entertainment venues, the Long Island Rail Road, AirTrain JFK, and the E, J, and Z subway lines, providing seamless access to Manhattan and the greater New York City area. Downtown Jamaica continues to emerge as one of Queens' most dynamic growth corridors. The neighborhood offers a thriving retail district, diverse dining and shopping options, and excellent transportation connectivity. Property Overview:95-03 Cresskill PlaceFour residential unitsUnit sizes ranging from approximately 597 to 723 square feetMix of one- and two-bedroom layoutsWindowed kitchens, spacious living areas, and ample storage throughout 95-07 Cresskill PlaceFour additional residential unitsUnit sizes up to approximately 1,163 square feetSelect residences feature oversized living rooms, dedicated dining areas, and multiple exposuresOne expansive unit spans nearly 40 feet across, offering townhouse-style proportions The properties have been meticulously maintained by long-term ownership and are being delivered occupied. Current rent roll is available upon request. Development Potential:Zoning: R5ALot Size: 5,250 SFPotential to add approximately two additional storiesEstimated buildable area of over 10,806 square feet (buyer to independently verify with architect and zoning professionals)Investment HighlightsEight free-market unitsStrong existing cash flowLong-term ownership and pride of maintenanceFuture value-add and development potentialAttractive basis in a rapidly growing Queens submarketExcellent opportunity for investors, developers, and long-term holders With ongoing residential and mixed-use development transforming the neighborhood, Downtown Jamaica remains a highly attractive destination for investment and future growth. This is a rare opportunity to acquire two turnkey, free market assets with existing cash flow and clear upside in a rapidly growing pocket of Queens. Being Sold As Is. Shown by appointment only.
Details
| MLS # | 1007521 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1931 |
| Days On Site | 110 |
| Listing Provided By | Exit Realty DKC | Jarel Carroll |
Features
| SQ Feet | 3,200 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 8 |
| Building(s) | 2 |
| Zoning | R5 |
| Acreage | 0.12 |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Natural Gas |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Parking Features | Detached |
|---|
Utilities
| Utilities | See Remarks |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 219600 |
| Tax Annual Amount | 20393 |
Area Information
| State | NY |
|---|---|
| County | Queens |
| City | Jamaica |
| Zip Code | 11435 |
| Listing VS Median (in 11435) | |
Price: $3,999,999 low | high Med: $375,000 sqft: 3,200 low | high Med: 968 $ / sqft: $1,250 low | high Med: $387 On site: 110 low | high Med: 381 | |
Market Activity 11435
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Learn More About This Property
| State | NY |
|---|---|
| County | Queens |
| City | Jamaica |
| Zip Code | 11435 |
| Listing VS Median (in 11435) | |
Price: $3,999,999 low | high Med: $375,000 sqft: 3,200 low | high Med: 968 $ / sqft: $1,250 low | high Med: $387 On site: 110 low | high Med: 381 | |
 | $1,200,0009511 Cresskill PlaceJamaica, NY 11435 |