182 apartments available at huge luxury high-rise in Jamaica, from $1,596/month

Applications are now being accepted for 182 mixed-income apartments at a new luxury rental tower in Jamaica, Queens. Located at 163-05 Archer Avenue, the Monarch is a 24-story building with 605 apartments, state-of-the-art amenities, and retail space. New Yorkers earning 80 and 130 percent of the area median income can apply for the units, priced from $1,596/month for one-bedroom units to $3,753/month for two bedrooms.

Developed by BRP Companies and designed by Studio V Architecture, the building contains 605 total residences. The property also includes 12,500 square feet of retail space, which Cushman & Wakefield has been hired to market, according to the firm’s website.

Amenities include an indoor basketball and pickleball court, golf simulator, fitness center, yoga studio, resident’s lounge, conference room, movie room, children’s playroom, dog run, pet spa, on-site bike storage, and underground parking.

The apartments have floor-to-ceiling windows, in-unit washers and dryers, stainless steel appliances, and custom kitchen cabinetry.

Construction on the development, originally known as Archer Towers, broke ground in October 2021. Goldman Sachs Asset Management’s Urban Investment Group provided construction financing for the project, as reported by Yimby.

In May 2020, BRP selected JLL Capital Markets to arrange joint venture equity financing for the $286 million project, according to JLL.

The development sits just blocks from Jamaica Center station, served by the E, J, and Z trains.

Qualifying New Yorkers can apply for the apartments until November 4, 2024. Complete details on how to apply are available here. Preference for 20 percent of the units will be given to residents of Queens Community Board 12.

Questions regarding this offer must be referred to NYC’s Housing Connect department by dialing 311.

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