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MTA sells $56M lot to developer eyeing Queens highrise

2015-03-26 00:37:06| Railroads - Topix.net

The cash-strapped MTA will get nearly $56 million in a real estate deal that will enable a developer to build a 77-story residential tower in Long Island City, officials said Wednesday. The MTA is cashing in on a $56 million real estate deal that will allow a developer to build what could become Queens' tallest highrise - and help mend the city's aging subway system.

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