SUNSHINE CONDO
9-story mixed-use building with 119 luxury condo and 63 parking spots located in the vibrant neighborhood Astoria (Queens, NYC). Group 16 located in a prime location of Astoria, offering a breathtaking view of the East River, and an iconic view of the Manhattan skyline.
PROJECT HIGHLIGHTS
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Qualified for TEA
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Meets requirement for 10% visa set aside
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Prime location; real estate market has high demand but low supply (April 2024)
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Early investment repayment timeline but still meets USCIS’ requirements
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150% job surplus, 25 jobs to be created per investor
Qualified for TEA
Flexible investment plan
Repayment period
< 3.5 years
HIGH DEMAND, LOW SUPPLY
EMERGING MARKET
Astoria's real estate market embodies a blend of tradition and innovation, reflecting the neighborhood's eclectic charm. From historic brownstones to sleek modern condos, the housing options cater to diverse tastes and lifestyles. With its convenient location and excellent transportation links to Manhattan, Astoria attracts both young professionals and families seeking affordability without sacrificing proximity to the city center. The area's renaissance has seen a surge in development, with new luxury high-rises complementing its established residential streets. Astoria's real estate landscape promises not just homes but a lifestyle: one infused with cultural vibrancy, culinary delights, and a sense of community unlike any other in New York City.
25
Investors
626
Jobs to be created
150%
Job creation surplus
Vibrant and unique modern architecture against the backdrop of old-school New York.
ASTORIA
Astoria, nestled in the borough of Queens, New York City, pulsates with a vibrant cultural mosaic. Its tree-lined streets are adorned with historic buildings, welcoming cafes, and diverse eateries reflecting its rich immigrant heritage. Astoria's waterfront offers breathtaking views of the Manhattan skyline, drawing both locals and tourists alike. The neighborhood thrives with artistic flair, boasting galleries, theaters, and music venues. With its close-knit community spirit and bustling energy, Astoria embodies the quintessential New York experience, where old-world charm meets modern dynamism, making it an irresistible destination for exploration and immersion.
Developers
SUCCESSFUL PROJECTS
PREMIER DEVELOPER IN THE NYC AREA
SUNLIGHT DEVELOPMENT
Sunlight Development was founded in 2002, headquartered in Brooklyn, New York City. Sunlight Development is one of the most reputable real estate developers in the Brooklyn and Queens area. With more than 10 years in the industry, Sunlight Development has successfully developed and built large and small projects, from complex buildings, office buildings to the most luxurious apartments in the area. Currently, Sunlight Development has built more than 2 million square feet and has more than 500,000 square feet under development.
The Sunshine Apartment project meets TEA standards according to the EB-5 Reform & Integrity Act of 2022, bringing the minimum investment capital to $800,000 USD. The average unemployment rate of the project area combined with the three surrounding areas is 15.3% - higher than the threshold of 8.3%.
THE TEAM BEHIND THE LEGAL PACKAGE
LEADING TEAM OF PROFESSIONALS
Economist
(TEA letters & Economic Report)
Baker Tilly US, LLP is an advisory CPA firm, currently ranks among top 10 largest CPA firms in the U.S. The firm has over 6,500 team members across 61 local and 13 overseas offices. Baker Tilly US, LLP is the largest member firm of Baker Tilly International, the world's 10th largest network of accounting & business services firms.
Immigration Attorney
Mr. Han Jun Li, Esq. is an immigration attorney with over 10 years of experience in the EB-5 industry. Mr. Li has successfully assist both Regional Centers in their designation and project filings, as well as EB-5 investors from China, Hong Kong, Taiwan, Vietnam and India to file their EB-5 petitions. Up to date, Mr. Li has 100% approval rate on the EB-5 project package he has filed.
Who We Are
Over 10 Years of Experience
Award-Winning Regional Center
ARCFE is an award-winning EB-5 regional center with over 10 years of experience in real estate financing. We were first designated by the USCIS in 2013 and are redesignated under the new law in 2022. Our team consists of professionals in the immigration, real estate and financial industries, including team members who are CFA and CPA.
Our team works diligently to explore opportunities to provide investors with the best EB-5 projects and flexible investment solutions to meet investors' needs. ARCFE investors who filed concurrently for Adjustment of Status in the U.S. have successfully obtained their EAD card and Advance Parole within just 4-8 months of filing.
