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Property Description
95-03 & 95-07 Cresskill Place 8 FREE-MARKET UNITS | TWO BUILDINGS | DEVELOPMENT UPSIDE | STRONG IN-PLACE CASH FLOW A 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 Place Four residential units Unit sizes ranging from approximately 597 to 723 square feet Mix of one- and two-bedroom layouts Windowed kitchens, spacious living areas, and ample storage throughout 95-07 Cresskill Place Four additional residential units Unit sizes up to approximately 1,163 square feet Select residences feature oversized living rooms, dedicated dining areas, and multiple exposures One expansive unit spans nearly 40 feet across, offering townhouse-style proportions The properties have been meticulously maintained by long-term ownership and are being delivered occupied. Current rent roll is available upon request. 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 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 assets with existing cash flow and clear upside in a rapidly growing pocket of Queens. Shown by appointment only.
Full Property Details
Full Property Details for 95-03 Cresskill Pl
General
- Price: $4,500,000
- Taxes: $20,393
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 1007521
- Updated: 6/1/2026
- Added to Site: 6 day(s) ago
Rental Information
- Complex Features: Ceiling Fan(s), Other, Walk Up
Interior
- Flooring: Hardwood
Parking
- Parking Features: Detached
Location
- County: Queens
School Information
- High School District: Contact Agent
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: See Remarks
Structural Information
- Detached/Attached: Detached
- Construction: Brick
- Basement: Yes
- Basement Desc.: See Remarks
- Stories/Levels: 2
- Stories in Building: 2
- Building Size: 3200
- Square Feet: 3,200
- Year Built: 1931
Lot Features
- Lot Size (Acres): 0.1205
- Lot Size (Sq. Ft.): 5,250
- Zoning: R5
Financial Considerations
- Tax Amount: $20,393
Disclosures and Reports
- Special Conditions: None
- Property ID: 10006-0001
Listed by Exit Realty DKC
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Schools
Schools serving 95-03 Cresskill Pl
School District:New York City Geographic School District 28
| Name | Grades | Distance |
|---|---|---|
Ps 50 Talfourd Lawn Elementary School 143-26 101st Ave, Queens, NY 11435 | PK-5 | 0.2 mi |
Jhs 8 Richard S Grossley 108-35 167th St, Queens, NY 11433 | 6-8 | 1.2 mi |
Emerson School (The) 108-35 167th St, Queens, NY 11433 | 6-8 | 1.3 mi |
Hillcrest High School 160-05 Highland Ave, Queens, NY 11432 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 95-03 Cresskill Pl
Date
Details
Price
Change
Source
6/01/2026
Listed
$4,500,000
116.87%
MLS
9/11/2025
Sold
$2,075,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 95-03 Cresskill Pl
Year
Property Taxes
Change
Tax Assessment
Change
2025
$20,393
—
$176,194
8%
2025
$20,393
—
$163,145
-11%
2024
$20,396
3%
$183,150
16%
2023
$19,753
10%
$157,998
-24%
2022
$17,949
8%
$206,550
-15%
2021
$16,626
6%
$243,000
-9%
2020
$15,653
—
$265,950
19%
2019
$15,653
9%
$223,200
84%
2017
$14,316
—
$121,537
8%
2017
$14,316
7%
$112,556
8%
2016
$13,441
8%
$104,257
8%
2015
$12,437
1%
$96,535
—
2014
$12,289
6%
$96,535
3%
2013
$11,631
—
$93,490
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 95-03 Cresskill Pl
9503 Cresskill Place, Jamaica, NY 11435 (MLS# 1007521) is a Commercial property. 9503 Cresskill Place is currently listed for $4,500,000 and was received on June 01, 2026. Want to learn more about 9503 Cresskill Place? Do you have questions about finding other Commercial real estate for sale in Jamaica Estates? You can browse all Jamaica Estates real estate or contact a Coldwell Banker agent to request more information.

