Debra Smith
Licensed Real Estate Salesperson
REALTOR®
Margaretville, NY
Office: (845) 586-3321 (973) 479-6445
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9503 Cresskill Place , Jamaica, NY 11435

New - 2 Hours Ago

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Property Description

95-03 & 95-07 Cresskill Place 8 FREE-MARKET UNITS | TWO BUILDINGS | DEVELOPMENT UPSIDE | STRONG IN-PLACE CASH FLOWA 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 throughout95-07 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 proportionsThe 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 holdersWith 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 as

9503 Cresskill Place | MLS# 1007521

This commercial property located at 9503 Cresskill Place , Jamaica, NY 11435 is currently listed for sale with an asking price of $4,500,000. Cresskill Place is located within the Contact Agent school district. Search Jamaica real estate on debbie-smith.timberlandproperties.com today.

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Property Features

Property Type: Commercial -
Basement: See Remarks
Cooling: Wall/Window Unit(s)
Heating: Natural Gas
Lot Size: 0.12 Acres
Stories: 2.0
Taxes: $20,393
Year Built: 1931

Feature Descriptions

Building Area Total: 3200
Building Features: Ceiling Fan(s), Other, Walk Up
Exterior: Brick
Flooring: Hardwood
On Market Date: 2026-06-01
Parcel Number: 10006-0001
Parking Features: Detached
Rental Term: Monthly
Sewer: Public Sewer
Units: 8
Utilities: See Remarks
Water: Public

Local Schools

School District: Contact Agent

Demographics

Listed By / Shown By

Listing By

Agency Name: Exit Realty DKC
Agency Phone: 718-676-1371

Shown By

Agent Name: Debra Smith
Agent Phone: (973) 479-6445
Agency Title: Timberland Properties

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