177-14 Wexford Terrace, Jamaica Estates, NY, USA

Jamaica, Queens

Newly Built Jamaica Estates Mixed-Use Building With A 35-Year Tax Abatement

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Asking Price

$15,950,000

Total Gross SF

35,391 SF (approx.)

Residential Units

Commercial Units

Total Units

Walk-Up / Elevator

Elevator

Year Built

2020

35-Year Tax Abatement (through 2055) - Substantial long-term property tax savings under the Affordable New York program.
Strong Unit Mix with Free Market Upside - 39-units with a balanced mix of one-to-four bedroom layouts. ~25% of the units are free market providing longterm growth potential.
Prime Jamaica Estates Location - Directly across from Mary Louis Academy and near St. John’s University, offering built-in demand drivers. Quiet, residential block with strong neighborhood fundamentals.
Exceptional Transit Access - The 179th Street subway entrance is around the corner on Hillside Avenue / 178th Street with direct access to Midtown Manhattan in under 35 minutes.
Modern Construction with Stable Tenancy - Newly built in 2020 with quality construction and modern layouts. Community facility leased to a Active Care, Inc (Adult Day Care) with potential expansion into the lower level.