Hang Dong Zhang Acquires Air Rights From John Ciafone At 23-06 Jackson Avenue For $275 PSF

The transaction involved the sale of transferable air rights located at 23-06 Jackson Avenue, situated in the Long Island City market. The asset type is multifamily, and the sale was executed at a price of $275 per buildable square foot.

Summary of transaction details:

• Property Type: Air Rights Transfer
• Transaction Amount: $275
• Buyer: Hang Dong Zhang
• Seller: John Ciafone
• Brokers: Shaun Riney, Sean Fopeano & David Cornejo - Marcus & Millichap
• Date of Transaction: 6/3/2026
• Market: Long Island City
• Note from Broker: New York Multifamily Group is pleased to announce the successful sale of transferable air rights at 23-06 Jackson Avenue in Court Square, Long Island City.

Representatives for the transaction included brokers Shaun Riney, Sean Fopeano, and David Cornejo from Marcus & Millichap, underscoring the strategic representation provided during the transaction process in this competitive market environment.