Queens, NY IPRG brokered the sale of 147-28/46 Jamaica Ave. and 147-23/27 Archer Ave. for $25.5 million.

Building plans are approved with a footing in the ground for a 306,454 s/f retail and residential apartment building. A 359-unit residential project is planned for the site, which is linked to a 35-year 421-A tax incentive. 

Air rights from the Jamaica Ave. building were transferred onto the three Archer Ave. lots. This 126-ft. x 245-ft. irregular site is located on Archer Ave., across the street from LIRR/Jamaica station. 

IPRG broker Donal Flaherty represented the buyer and seller.