95-03-95-07 Cresskill Pl - Apartments FOR SALE


Jamaica, NY 11435- Downtown Jamaica
$9,500,000 USD
347-653-8010
95-03-95-07 Cresskill Pl, Jamaica, NY for Sale
$9,500,000 USD
Apartments - FOR SALE
1/18
null | 1.71% Cap Rate

95-03-95-07 Cresskill Pl
Jamaica, NY 11435
Downtown Jamaica


HIGHLIGHTS

  • 8 Free Market Units ; 2 Buildings Zoning Upside
  • Zoning allows for an additional two stories of development with potential to expand to just over 10,806 buildable square feet
  • Open floor plans with a lot of lights ; Excellent condition

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$1,455 USD /SF

# OF UNITS

8

PRICE/UNIT

$1,187,500

CAP RATE

1.71%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Stuart's Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,249 SF

ZONING

R5

APN/PARCEL ID

10006-0001

ASK ABOUT THIS PROPERTY

Ivan MijalkovicThe Corcoran GroupMore Info
347-653-8010

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Ivan MijalkovicThe Corcoran GroupMore Info
347-653-8010

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.