RIPCO REAL ESTATE has been retained on an exclusive basis to arrange for the sale of 177-14 Wexford Terrace — in Jamaica Estates, NY. 177-14 Wexford Terrace is a mixed-use building built in 2020, featuring 38 apartments in a well-balanced unit mix of 23 one-bedrooms, 6 two-bedrooms, 2 three-bedrooms, and 8 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. For additional information, financials, or to schedule a property inspection, please reach out to the exclusive brokers.