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$ 3,300,000
Est. payment | /mo
$ 3,300,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1063115
Rental Info No
Year Built 1931
Annual Tax Amount $20,393
Property Sub-Type Multi Family
Source onekey2
Property 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.
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.
Location
State NY
County Queens
Rooms
Basement See Remarks
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Flooring Hardwood
Fireplace No
Exterior
Parking Features On Street
Utilities Available None
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
High Schools Contact Agent
School District Contact Agent
Others
Special Listing Condition None
Listed by Exit Realty DKC • Jarel Carroll
Nearby Locations
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Jeffrey Jimenez
Licensed Real Estate Salesperson License ID: 10401267947