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

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