RIPCO REAL ESTATE has been retained on an exclusive basis to arrange for the sale of 177-14 WEXFORD TERRACE — in Jamaica Estates, NY (the “Property”).

The Property is a mixed-use building, built in 2020, featuring 39 apartments in a well-balanced unit mix of 23 one-bedrooms, six two-bedrooms, two three-bedrooms, and eight four-bedroom units. The ground floor is leased to Active Care, Inc., a Social Adult Day Care, with potential for expansion into the legal lower level by the current or future tenant.

The building benefits from a 35-Year Affordable New York tax abatement that began in 2020/2021 and expires in 2054/2055. Under the program, 12 apartments were leased through the HPD lottery process. Additionally, 10 apartments (~25% of the units) are free market, having been leased above the rent stabilization threshold at initial occupancy.

177-14 Wexford Terrace is ideally located in Jamaica Estates, a stable Queens neighborhood known for its residential feel and key institutional anchors. The property is directly across from The Mary Louis Academy, with a monastery next door, adding to the area’s community-oriented character. St. John’s University is less than five minutes away, generating steady rental demand.

The 179th Street F subway station is a 3-minute walk, providing direct access to Midtown Manhattan in under 45 minutes. The site also benefits from proximity to JFK Airport and Downtown Jamaica, strengthening connectivity. This transit-oriented, supply-constrained pocket of Queens continues to see strong tenant demand and consistent rent growth.

For additional information or to schedule a property inspection, please contact the exclusive brokers.