Wall Street Tower-Liberty Gardens III – Introduction
WALL STREET TOWER, A 60-STORY LUXURY
CONDOMINIUM MASTERPIECE IN THE
HEART OF NEW YORK CITY
130 William Street, New York, NY
60-story, 244 meters
228 luxury residences
40,571 square meters
1,477 square meters
494 square meters
28,750 square meters
THE MOST CONVENIENT LOCATION
FOR LIVING IN MANHATTAN
Wall Street Tower residents experience incredible access to New York’s many top-rated destinations, thanks in part to 11 subway lines that are located minutes from the property.
The neighborhood is home to many popular restaurants and shopping which provides residents with the ultimate live/work/play community.
Residents of Wall Street Tower have access to many top-ranked schools. Stuyvesant High School is located close to the property and in 2013 was ranked #1 in New York City as the Best Public High School by leading publication, Business Insider. The acceptance rate to college is 99 percent and four of its alumni have won the Nobel Prize.
Lightstone Founded in 1988, Lightstone is one of the most highly regarded and diversified real estatecompanies in the United States.
The senior members of Lightstone’s development team have been directly responsible for thedevelopment and construction of more than 270,000 square meters of residential projects in New York City。
Founder David Lichtenstein has grown lightstone into one of the largest real estate companies in the USA with over $2.4 billion in assets.
LIGHTSTONE ENTERPRISES GRANTED TOP
CREDIT RATINGS OF A+ AND A1 FROM
STANDARD & POOR’S AND MOODY’S
FOR TWO CONSECUTIVE YEARS
Moody’s and Standard & Poor’s are the leading firms responsible for evaluating the financial strength of companies. They are independent and perform extensive research.
Lightstone New York Regional Center, LLC
Wall Street Tower Manager LLC
Wall Street Tower Fund LLC
30 William Street Holdings III, LLC
Application was submitted on 17th May 2016
Founded in 1988, Lightstone is the largest real estate companies in the US with over $2.4 billion assets and has been selected as most active property developer in New York in 2014 by the famous US Real Estate magazine – The Real Deal. Among the diversified real estate projects are over 10,000 residential units and 575,000 square meters commercial properties in the United States. Lightstone’ headquarter is located in New York Manhattan and its assets are spread over 23 states in the US. Lightstone was granted top credit ratings of A+ and A1 from Standard & Poor’s and Moody’s between 2014 and 2016, which is the same rating as Bank of China.
EB-5 projects of Lightstone:
Liberty Gardens I: located in Brooklyn New York. Construction work was completed in March 2016 and 100% leased. I-526 petitions have been granted.
Liberty Gardens II: The project is located in long island city, New York and is under construction. The building is estimated to be completed in December 2017
The gross construction areas of Wall Street Tower are 443,167 square feet, approximately 40,571 square meters. The breathtaking panoramic views in all directions give the residents pictures of the downtown of Manhattan, Brooklyn, Queens, Jersey, mid-town and up-town and Hudson river.
The property is located in Manhattan’s Financial District, home to the world’s top financial firms, finest shops and diners. Residents of Wall Street Tower have access to many top-ranked schools. Stuyvesant High School is located close to the property and in 2013 was ranked #1 in New York City as the Best Public High School by leading publication,Business Insider. The acceptance rate to college is 99 percent and four of its alumni have won the Nobel Prize. One World Trade Center is only 4 blocks away from the property. The building amenities include: indoor pool, fitness center, game room/rouge, screening room, and children’ library and play room.
Project total costs
US$ 112,300,000 <21%>
US$ 328,600,000 <61%>
US$ 100,000,000 <18%>
EB-5 investment per unit
Collectively known as Subscription Proceeds
0.25% per year
Term of EB-5 Loan
5 years (2 one-year-extensions)
Number of investors
2,607 <30% buffer>
Release of Escrowed Funds to the Limited Partnership
Upon receipt of I-526 application summited
I-526 Petition Denial
Full refund of $550,000 contributed by such Limited Partner.
Source of Fund for loan Repayment
Refinance or Sale of condominium units.
According to the appraisal report by Marshall-Stevens, the value of the property after completion will exceed US$700,000,000 which is 7 times of the EB-5 loan.
Personal guarantee from the CEO of Lightstone enterprise, David Lichtenstein.
The building will be completed in November 2019.
Note: This document is for reference only, all terms are subject to written contract.