Brooklyn Gowanus

Group 19 is a residential development project located in the emerging and vibrant Gowanus neighborhood of Brooklyn (NYC).

The project is located between 2nd St. and 3rd St. on the west bank of the canal, spanning the block and adjacent to the well-known rental apartment building 365 BOND.

With a total construction area of 135,000 sqft, this 14-story mixed-use building will have 130 rental units, along with ~9,000 sqft of ground-floor retail space and ~6,000 sqft of art space.

Gowanus real estate presents a unique mix of industrial charm, artistic flair, and evolving urban development. Situated in Brooklyn, New York, Gowanus has undergone significant transformation in recent years, attracting both residents and investors alike.

Gowanus' proximity to popular Brooklyn neighborhoods such as Park Slope, Carroll Gardens, and Boerum Hill adds to its appeal. Its convenient access to public transportation, including subway lines and bus routes, also makes commuting to Manhattan and other parts of Brooklyn very easy.

FLEXIBLE INVESTMENT PLAN

TRADITIONAL

For investors who seek maximum returns the project can offer.

PARTIAL

For investors who want more time to prepare their funds and be fully funded in 1 year.

Gowanus is a vibrant and eclectic neighborhood known for its industrial heritage, artistic community, and ongoing revitalization efforts. In recent years, Gowanus has undergone significant transformation, attracting young professionals, artists, and families seeking a mix of urban living and cultural charm. The neighborhood is characterized by its historic buildings, trendy boutiques, art galleries, and diverse culinary scene.

The project is very close to public transportation such as buses, subway trains, as well as bridges and highways, making it easy to travel to neighboring boroughs like Queens or Manhattan (the center of New York City).

8 Marcy Ave

8 Marcy Avenue, Brooklyn, NY, 11211

The Project was sold en bloc in August 2023 at a price of $97.5M (up to $910 per sqft)

824 East New York Ave

824 East New York Avenue, Brooklyn, NY, 11203

The average monthly rent for a 1B is around $2,660, which is at a mid to high-end level in the community.

Founded in 2017, they are a premier New York development firm rooted in the vibrant borough of Brooklyn. The company has demonstrated remarkable expertise in a relatively short period of time, successfully launching a number of luxury residential projects, including both rental and for-sale condominiums.

Prospect Developers recently completed and successfully sold 8 Marcy Ave Project – a residential development similar to the Group 19 Brooklyn Gowanus Project. The 8 Marcy Ave is a luxury residential building, with 123 rental apartments in Brooklyn’s hip Williamsburg neighborhood.

Prospect Developer’s early representative work, 824 East New York Ave, is known for its creative and inclusive murals on the exterior walls.The building is located East of Brooklyn’s famous Prospect Park and in Crown Heights neighborhood. Ensemble Apartment is a 7-story luxury residential building with 74 rental apartments.

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.

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.