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38-65 11th Street, Long Island City, NY 11101

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Property Description:

This is an opportunity to invest in the preferred equities tied to a Hotel use development project located at 38-65 11th Street, Long Island City, NY 11101 (the “Property”.) The Property is situated to the north of the Queensboro Bridge in Long Island City, Queens, NY (the “Neighborhood”.) The subject land is 11,425+/- square feet and the maximum buildable area is 57,125+/- square feet. This site currently consists of a one-story industrial property. Our team, Eastone Capital, serves as the developer of this project and we planned to develop a Hotel with parking garage.

Buildable Area: 57,125+/- square feet
Number of Hotel Room: 168
Number of Parking Space: 16

EB-5 Status

Partnered with one of the industry leaders, The Advantage America EB5 Group (AAEB5), 38-65 11th Street, Long Island City, NY 11101 has already obtained USCIS I-924 exemplar approval and will be starting construction in April 2017 with an estimated completion date of January 2020. Seeking a limited number of only 24 petitioners.  


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