Log In/Sign Up
Your email has been sent.
95-03-95-07 Cresskill Pl
Jamaica, NY 11435
The Stuart's Manor · Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- 8 Free Market Units ; 2 Buildings Zoning Upside
- Open floor plans with a lot of lights ; Excellent condition
- Zoning allows for an additional two stories of development with potential to expand to just over 10,806 buildable square feet
EXECUTIVE SUMMARY
9503 & 9507 Cresskill Place Jamaica, Queens
8 Free Market Units 2 Buildings Zoning Upside Strong In-Place Income Two adjacent four-unit buildings offered as a package in a quiet, residential pocket of Jamaica, Queens. This well-maintained, income-producing portfolio includes 8 free market residential units-delivered occupied-great for long-term stability, future repositioning, or redevelopment.
9503 Cresskill Place
Features four units ranging from approx. 597-723 sq ft with a mix of one- and two-bedroom layouts. Units include windowed kitchens, generous living areas, and ample in-unit storage.
9507 Cresskill Place
Four additional units including layouts up to 1,163 sq ft. Select residences feature oversized living rooms, dedicated dining areas, and multiple exposures. One unit spans nearly 40 feet across, offering townhouse-style proportions. The properties have been well maintained and held by long-term ownership. Current rent roll available upon request.
Zoning: R5A Lot Size: 5,250 sq ft
Zoning allows for an additional two stories of development with potential to expand to just over 10,806 buildable square feet (confirm all details with an architect).
Downtown Jamaica is a vibrant hub in Queens, known for its bustling retail district, diverse shopping, and strong sense of community. From major retailers to local businesses, the area offers everything you need-and more. York College anchors the south side with a tree-lined campus, ample parking, and great public transit access. Residents enjoy nearby museums, parks, fitness centers, and movie theaters. The LIRR and multiple subway lines make commuting to Manhattan and beyond fast and convenient. With ongoing high-rise development, Downtown Jamaica is on the rise as a dynamic place to live, work, and explore.
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. Shown by appointment only.
8 Free Market Units 2 Buildings Zoning Upside Strong In-Place Income Two adjacent four-unit buildings offered as a package in a quiet, residential pocket of Jamaica, Queens. This well-maintained, income-producing portfolio includes 8 free market residential units-delivered occupied-great for long-term stability, future repositioning, or redevelopment.
9503 Cresskill Place
Features four units ranging from approx. 597-723 sq ft with a mix of one- and two-bedroom layouts. Units include windowed kitchens, generous living areas, and ample in-unit storage.
9507 Cresskill Place
Four additional units including layouts up to 1,163 sq ft. Select residences feature oversized living rooms, dedicated dining areas, and multiple exposures. One unit spans nearly 40 feet across, offering townhouse-style proportions. The properties have been well maintained and held by long-term ownership. Current rent roll available upon request.
Zoning: R5A Lot Size: 5,250 sq ft
Zoning allows for an additional two stories of development with potential to expand to just over 10,806 buildable square feet (confirm all details with an architect).
Downtown Jamaica is a vibrant hub in Queens, known for its bustling retail district, diverse shopping, and strong sense of community. From major retailers to local businesses, the area offers everything you need-and more. York College anchors the south side with a tree-lined campus, ample parking, and great public transit access. Residents enjoy nearby museums, parks, fitness centers, and movie theaters. The LIRR and multiple subway lines make commuting to Manhattan and beyond fast and convenient. With ongoing high-rise development, Downtown Jamaica is on the rise as a dynamic place to live, work, and explore.
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. Shown by appointment only.
PROPERTY FACTS
| Price Per Unit | $1,169,083 CAD | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 6,528 SF |
| Cap Rate | 3.71% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | Parking Ratio | 1.53/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | R5 - Medium density district with a height limit of 40 feet | ||
| Price Per Unit | $1,169,083 CAD |
| Sale Type | Investment |
| Cap Rate | 3.71% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 6,528 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1931 |
| Parking Ratio | 1.53/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R5 - Medium density district with a height limit of 40 feet |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
SITE AMENITIES
- Property Manager on Site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 600 |
| 2+1 | 4 | - | 1,000 |
PROPERTY TAXES
| Parcel Number | 10006-0001 | Improvements Assessment | $223,018 CAD |
| Land Assessment | $5,142 CAD | Total Assessment | $228,160 CAD |
PROPERTY TAXES
Parcel Number
10006-0001
Land Assessment
$5,142 CAD
Improvements Assessment
$223,018 CAD
Total Assessment
$228,160 CAD
1 of 19
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
