ARCFE Group 17
1CPS Tower
Project Details
-
15-story mixed-use, condominium building:
-
99 luxury condo units
-
11 commercial units
-
311 indoor parking spaces (a rare feature in Downtown Flushing area)
-
~255,000 sqft building area
-
-
Amenities include: 24/7 concierge services, fitness center, rooftop terrace with panoramic views, multi-functional lounge, and dedicated spaces for office work and private gatherings.
Location
AG17 1CPS Tower is positioned within the emerging “Contemporary Flushing” submarket, driven by the westward evolution of the commercial core. Surrounded by major mixed-use developments such as Tangram, Sky View Parc, and One Fulton Square, the project is also well positioned to capture incremental demand generated by the Flushing Waterfront Special District and Willets Point redevelopment initiatives. Together, these forces are reinforcing sustained foot traffic, retail demand, and long-term commercial value growth across the corridor.
Prime Location
Short Investment Term of 3 Years
Senior Loan, 1st Lien
HIGHLIGHTS
-
EB-5 is structured as a first-lien senior loan, pari passu with the bank.
-
The senior loan is backed by a mortgage on land and building, with first priority in repayment.
-
The bank manages the underwriting process and loan disbursement.
-
Short investment cycle of 3 years.
-
Providing a good job cushion, as the project is expected to generate over 1000 jobs for 30 investors.
-
Clear exit strategy.
-
Prime location with strong demand of both residential and commercial.
Gateway to Flushing’s core business district:
Seamless connectivity to NYC and beyond
Flushing
AG17 1CPS TOWER is strategically located within one of the most commercially dynamic and valuable districts of Flushing.
Over the past decade, Flushing’s commercial center has steadily expanded westward from Main Street and Roosevelt Ave corridor towards College Point Blvd. Landmark mixed-use developments such as Sky View Parc, One Fulton Square, Tangram, and East West Plaza Condominium have transformed the area west of Main Street into a vibrant, modern urban destination widely recognized as “Contemporary Flushing”.
Positioned at the center of this rapidly evolving district, AG17 1CPS TOWER benefits from both Flushing’s estbalished commercial infrastructure and te long-term growth driven by the area’s continued westward expansion. As one of the newest premier developments within the neighborhood, AG17 is poised to set a new standard for high-end real estate in the core of Flushing.
-
10 minutes to LaGuardia Airport (LGA)
-
25 minutes to Long Island City (LIC)
-
30 minutes to John F. Kennedy International Airport (JFK)
-
35 minutes to Empire State Building and Midtown Manhattan
Developers
.png)
SOME COMPLETED PROJECTS
FSA Capital
FSA Capital is a New York City-based multinational real estate development, investment, and management company founded by Brian S. Pun. Its business encompasses real estate development, investment, construction, and asset management.
The company adopts a vertically integrated, operations-centric development model and has successfully completed the development, construction, and operation management of multiple residential, commercial, mixed-use, and hotel projects. It continues to advance large-scale integrated development projects in New York and other key markets.
Founder and President Brian S. Pun has over 28 years of experience in the real estate industry. In addition to FSA Capital, he also founded Federal Standard and FSA & Associates, whose firms have long been renowned in the New York real estate industry for their professionalism, reliability, and extensive experience in real estate transactions.