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
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.