USCIS officially approved Group 11's I-956F, marking the 5th EB-5 project approval ARCFE has received under the EB-5 RIA of 2022 & maintaining our 100% project approval rate. Many Group 11 investors have also received their I-526E approvals briefly after the project received its approval.
Group 11 (officially known as The Pianist) located in Astoria, is a 7-story mixed-use rental building with generous retail space and 50 residential units. construction has been completed and the building went into operation. All units have been leased out.
Astoria, located in the northwestern corner of Queens, New York City, is a vibrant and culturally diverse neighborhood. Known for its eclectic mix of restaurants, shops, and cultural events, it offers a unique blend of historic charm and modern amenities. With scenic views of the East River and landmarks like Astoria Park and the Museum of the Moving Image, Astoria is a dynamic and sought-after community.
Astoria's real estate market is rapidly emerging as a hotspot, driven by its unique blend of affordability and proximity to Manhattan. The neighborhood's cultural diversity and vibrant community life make it increasingly attractive to young professionals and families alike. Recent developments and renovations have bolstered its appeal, leading to a surge in demand and rising property values.
Investing in real estate in Astoria is attractive due to its strategic location near Manhattan, offering convenient access to the city's amenities while maintaining a more affordable cost of living. The neighborhood's cultural diversity, vibrant community, and ongoing development projects contribute to its growing appeal and potential for property value appreciation. Additionally, Astoria's strong rental market and demand from young professionals and families ensure a steady income stream for investors.
