95-03 Cresskill Place,Jamaica, NY 11435
Jamaica, NY 11435
Description
95-03 & 95-07 Cresskill Place | Jamaica, Queens 8 FREE-MARKET UNITS | 2 BUILDINGS | STRONG CASH FLOW | DEVELOPMENT UPSIDE Two buildings. Eight free-market units. One incredible investment opportunity. Located in the heart of Jamaica, Queens, this rare package offers two adjacent, well-maintained four-family buildings delivering immediate rental income with serious upside potential. Featuring spacious one- and two-bedroom layouts, all eight units are free-market and currently occupied. Situated on a combined 5,250 SF lot with R5A zoning, the properties offer potential for vertical expansion and over 10,806 buildable square feet, subject to verification. Development Potential: Zoning: R5A Lot Size: 5,250 SF Potential to add approximately two additional stories Estimated buildable area of over 10,806 square feet (buyer to independently verify with architect and zoning professionals) Investment Highlights Eight free-market units Strong existing cash flow Long-term ownership and pride of maintenance Future value-add and development potential Attractive basis in a rapidly growing Queens submarket Excellent opportunity for investors, developers, and long-term holders With ongoing residential and mixeduse development transforming the neighborhood, Downtown Jamaica remains a highly attractive destination for investment and future growth. Minutes from Downtown Jamaica, shopping, dining, the LIRR, AirTrain JFK, and major subway lines, this location delivers convenience, connectivity, and long-term growth potential. Whether you're looking for immediate cash flow, future development, or a long-term investment, this is an opportunity worth your attention. Sold as-is, with tenants. Showings by appointment only. Rent roll available upon request.
Details
| MLS # | 1063115 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1931 |
| Days On Site | 21 |
| Listing Provided By | Exit Realty DKC | Jarel Carroll |
Features
| SQ Feet | 3,200 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 8 |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Natural Gas |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Parking Features | On Street |
|---|
Utilities
| Utilities | None |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2026 |
|---|---|
| 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: $3,300,000 low | high Med: $359,999 sqft: 3,200 low | high Med: 1,000 $ / sqft: $1,031 low | high Med: $360 On site: 21 low | high Med: 181 | |
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: $3,300,000 low | high Med: $359,999 sqft: 3,200 low | high Med: 1,000 $ / sqft: $1,031 low | high Med: $360 On site: 21 low | high Med: 181 | |