90 Columbus Apartment Project Seminar
Time: July 24 (Sunday) 14:00-17:00
Reservation Hotline: 400-6622-699
Overview of 90 Columbus Apartment:
The 90 Columbus Apartment project is a multi-family rental apartment building with a total of 51 floors and 634 units. Located at 90 Columbus Avenue in Jersey City, known as the "back garden" of Manhattan, New York, it boasts a prime location and convenient transportation. Floors 2-47 are rental units, which will reach luxury standards upon completion. In addition, the project includes 1,179 parking spaces and extremely convenient surrounding amenities, with numerous advantages attracting a large number of white-collar professionals working in Manhattan to settle here.
Over the past 10 years, the average vacancy rate in the local apartment market has been only 3.8%, and even during the economic downturn in 2009, the vacancy rate was only 5%. By 2013, the vacancy rate dropped to 3.6%. With the strong economic growth and recovery of Jersey City, the average vacancy rate in the local apartment market is expected to decline further.
Advantages of the 90 Columbus Apartment project:
1. The complete set of I-526 documents for the project has received exemplar approval from the USCIS.
2. The project uses the RIMS II economic model to calculate employment, and the number of jobs created is 2.4 times the requirement of the USCIS.
3. EB-5 capital accounts for only 15.3% of the project cost.
4. Strong repayment capability: Colliers International, a world-renowned commercial real estate appraisal firm, has issued a valuation report for this project. After the project is completed and operational, EB-5 capital will account for only 10.9% of the project's market value.
5. Prime location: The project is located at 90 Columbus Avenue in Jersey City, known as the "back garden" of Manhattan, across the river from Manhattan, New York. A large number of commuters working in Manhattan live here. The project is adjacent to the subway station, and it takes only about 20 minutes to reach the Financial District in Manhattan by subway.
6. Significant appreciation potential: This property belongs to the scarce apartment resources with the Manhattan concept, offering great appreciation potential. The developer plans to rent rather than sell, aiming to obtain dual benefits from rental income and appreciation.
7. Strong developer strength: The developer of this project, Ironstate, is one of the largest privately-owned real estate development companies in the northeastern region of New Jersey. It is mainly involved in the development and management of large-scale comprehensive projects, and has participated in apartment and hotel projects worth billions of dollars. Currently, it is engaged in the development of residential, hotel, and mixed-use projects worth over one billion dollars.
