The borough lost two neighborhood theaters last year.
The event will take place at the Midway Theater on June 10.
The Brandon Cinemas closed on Sunday and will be replaced by an urgent care center for kids.
Investors who bought the building said they may have plans to develop the air rights above the building.
Midway Theater in Forest Hills will ring in its anniversary by screening "Rear Window."
The pendants are being sold at the Midway Theater at 108-22 Queens Boulevard in Forest Hills.
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