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I-956FApproved

Five Points 262

Newyork Apartment Project







I-956FApproved

Five Points 262
Newyork Apartment Project






Five Points 262
Newyork Apartment Project

The Five Points Apartment Project on Manhattan’s Fifth Avenue is a residential development currently under construction at the intersection of Fifth Avenue and West 29th Street in New York City. This high-rise condominium project will consist of a 56-story tower with a total floor area of approximately 120,643 square feet (3,400 pyeong), and is scheduled for completion in January 2027. Upon completion, the building will reach a height of 262 meters (860 feet), making it the tallest structure located between One World Trade Center and Empire State Building.

Project Overview

Project Name
Five Points Condominium(Apartment), Manhattan Fifth Avenue
(Five Points 262 Project LLC)
Regional Center
USRC(NYC Regional Center, Inc.) 
Location
NoMad, Manhattan 262 5th Avenue, New York, NY 10001
Developer
Five Points Development
EB-5 Investment
$800,000 + $80,000(Administrative Fee)
Total Project Cost
$303,433,416 
EB-5 Funding
$40,000,000
EB-5 Capital Stack
13.18%(Developer Equity: 41%)
Number of Investors
50Investors
Investment Term
2Y+1+1+1
Preferred Return
0.25% per annum
Job Creation
1,399.6 Total Jobs(28 Jobs per Investor)
Estimated Completion
January 2027
Security
Subordinate Mortgage (Junior Lien)
Exit Strategy
Unit Sales and Refinancing

Capital Structure 

The project is supported by a well-structured capital stack consisting of EB-5 capital, developer equity, and senior debt financing. The total project cost is approximately $303,433,416, funded through a combination of developer equity, senior construction financing from institutional lenders, and subordinate financing.

The EB-5 component is structured as a subordinated loan and represents approximately $40,000,000 (about 13% of the total capital stack), sourced from up to 50 investors. As the project is located in a Targeted Employment Area (TEA), the minimum investment amount is $800,000 per investor.

Capital Structure 


The project is supported by a well-structured capital stack consisting of EB-5 capital, developer equity, and senior debt financing. The total project cost is approximately $303,433,416, funded through a combination of developer equity, senior construction financing from institutional lenders, and subordinate financing.

 The EB-5 component is structured as a subordinated loan and represents approximately $40,000,000 (about 13% of the total capital stack), sourced from up to 50 investors. As the project is located in a Targeted Employment Area (TEA), the minimum investment amount is $800,000 per investor.
Significant Developer Equity Contribution(Over 40%)
A substantial direct equity investment by the developer enhances project credibility and aligns the developer’s interests with those of investors.


Protection of EB-5 Capital
EB-5 funds are secured by a subordinate lien on the project assets, including the land and improvements, providing an added layer of protection for investors.


Stable and Diversified Capital Structure
A stable and diversified capital structure enhances the project’s financial strength and mitigates risk.


Financial Transparency
All funds are administered independently and disclosed to investors and USCIS through third-party audits and regular reporting.


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I-956F Approved

(2025.03.11)


Job Creation Supporting I-829 Approval


50 Investors

Total Investors

500 Jobs Required

Required Job Creation

1,399.6 Jobs Projected

Projected Job Creation

The project is expected to create a total of 1,399.6 direct and indirect jobs, which exceeds the job creation requirement for 50 EB-5 investors.


Under the EB-5 program, each investor must create or preserve at least 10 full-time jobs for qualifying U.S. workers through an investment in a new commercial enterprise. For investments made through a Regional Center, both direct and indirect job creation may be counted toward this requirement. Accordingly, each EB-5 investment must result in the creation of a minimum of 10 jobs in order to qualify for permanent residency (I-829 approval).

Why?

Fifth Avenue Project

Low EB-5 Exposure with Strong Developer Equity

Compared to other projects, this offering features a relatively low EB-5 allocation (approximately 13%) and a substantial developer equity contribution (approximately 40%), reinforcing financial strength and alignment of interests.)

Prime Location 

Situated in one of the most sought-after locations in New York City, this 862-foot ultra-luxury skyscraper is set to become a landmark in the NoMad district, one of Manhattan’s most dynamic and rapidly evolving neighborhoods.

Robust Job Creation 

The project is expected to generate a total of 1,399.6 jobs (approximately 28 jobs per investor), comfortably exceeding EB-5 job creation requirements and supporting a strong basis for permanent residency (I-829 approval).

Experienced Regional Center and Fund Management 

The project is managed by USRC, one of the largest regional center groups in the United States, with approximately $1.4 billion in EB-5 capital under management and a proven track record of successfully executed projects.

Proven EB-5
Investment Project




Strong Investor Protections

EB-5 capital is secured by a subordinate lien on project assets

Project Asset Value: Over $303 Million



Low EB-5 Allocation 

EB-5 capital represents approximately 13% of the total project cost

Escrow Structure & Third-Party Oversight
Investor funds are held in escrow and subject to independent audits, with regular reporting provided to investors

Established Regional Center 

Managed by one of the largest regional center groups in the United States, ensuring experienced and reliable fund administration

Prime Location




 262 Fifth Avenue, NoMad, Manhattan, New York, NY 


262 Fifth Avenue is ideally located at the intersection of Fifth Avenue and West 29th Street in NoMad (North of Madison Square Park), one of Manhattan’s premier residential and commercial districts, offering exceptional accessibility and convenience.
Positioned in the heart of Manhattan, this premium development benefits from a seamless blend of transportation, retail, cultural, educational, and lifestyle amenities, supporting both strong property values and high residential appeal.
The Manhattan condominium market continues to demonstrate strong demand, with the NoMad neighborhood in particular emerging as a highly sought-after destination for luxury residential living.

Developer
Five Points 262 Project LLC



Five Points 262 Project LLC is setting a new benchmark in New York City’s luxury residential market through the development of 262 Fifth Avenue, while contributing to local economic growth and job creation.

Backed by deep industry expertise and a strong commitment to execution, the developer collaborates with experienced professionals across real estate, construction, finance, and legal disciplines to ensure the successful delivery of the project.


CEO, Boris Kuzinez


Boris Kuzinez, CEO of Five Points 262 Project LLC, is a seasoned real estate developer with over 30 years of industry experience. He has successfully led the development of approximately 10 million square feet of real estate, with a portfolio spanning supertall towers, luxury residential properties, and commercial buildings.


Mr. Kuzinez has established a strong reputation in the industry through his involvement in a diverse range of high-profile developments. He oversees all phases of the project, from initial planning through completion, with a focus on disciplined execution, stability, and investor confidence.

He has demonstrated strong expertise in renovation projects such as the NoMad Hotel and 475 Fifth Avenue. In supertall developments including 125 Greenwich Street and 262 Fifth Avenue, he has delivered distinctive design and technical excellence, establishing these projects as prominent landmarks. Among them, 262 Fifth Avenue stands as his most recent flagship project—an approximately 862-foot ultra-luxury condominium tower that reflects his bold vision and development capabilities.

 Boris Kuzinez’s projects are widely recognized for their high-end design and innovative architecture, contributing to economic growth and increasing property values across New York City and other major markets. He has consistently provided investors with stable investment opportunities and has earned a reputation as a trusted and reliable partner.

Key Development Projects 
1182 Broadway (The NoMad Hotel)
NoMad, Manhattan, New York City
475 Fifth Avenue(Renovation Project)
Manhattan, New York City
125 Greenwich Street(Development Participation)
Financial District, Manhattan, New York City
Luxury Commercial and Residential Projects in Russia and Europe
Russia and Europe


Project Site


프로젝트 답사 현장12026.01

프로젝트 답사 현장22026.01

프로젝트 답사 현장32026.01

프로젝트 답사 현장42026.01

프로젝트 답사 현장52026.01

프로젝트 답사 현장62025.11

프로젝트 답사 현장72025.11

US Regional Center


US Regional Center Group is one of the largest USCIS-approved regional center platforms in the United States, managed by KT Capital Group LLC. It comprises a network of 10 regional centers operating across major markets, including Seattle, San Francisco, Los Angeles, New York, Boston, and Utah.

 As an experienced and conservative asset manager and regional center operator, the group is committed to the stable and compliant administration of the EB-5 program. Over the past 14 years, it has sponsored approximately $1.4 billion in EB-5 projects and has helped more than 2,800 investors obtain permanent residency.


Track Record


More

Selected Projects with Koomin


Greenland, Treasure Island 1&2, Boston Seaport, Tidewater Stadium, Boston Suffolk Downs

In partnership with the US Regional Center Group, Kookmin Immigration has facilitated over $100 million in EB-5 investments.


I-526 Approval Track Record 

Achieved a 99.5% approval rate 


Proven Job Creation 

Generated over 40,000 jobs across the United States 


Project Completion 

Successfully delivered more than six development projects 


Jan 2026 | Manhattan Five Points Project Site Visit

Jan 2026 | Suffolk Downs Project Site Visit

Jan 2026 | Attended the Boston Mayoral Inauguration

Jan 2026 | Attended the Boston Mayoral Inauguration(With the Chief of BHA)

Jan 2026 | Boston Bunker Hill Project Site Visit 1

Jan 2026 | Boston Bunker Hill Project Site Visit 2

Jan 2026 | Rhode Island Soccer Stadium Project Site Visit 1

Jan 2026 | Rhode Island Soccer Stadium Project Site Visit 2

Apr 2024 | Kookmin Emigration U.S. Settlement Seminar

Apr 2024 | Kookmin Emigration U.S. Settlement Seminar

Dec 2024 | Plaque of Appreciation for EB-5 Investor Recruitment (Treasure Island)

Dec 2024 | Plaque of Appreciation for EB-5 Investor Recruitment (Rhode Island)

Jan 7, 2024 | With the Rhode Island FC Team (또는 Players)

Jan 7, 2024 | Rhode Island Soccer Stadium Construction Site Visit

Jan 2020 | Boston Seaport Project Site Visit

Dec 19, 2024 | Plaque of Appreciation Ceremony from US Regional Center

Key Advantages of the US RC

Experience 

The US Regional Center’s experienced management team works closely with EB-5 attorneys, bankers, accountants, and economists to ensure a smooth and efficient EB-5 process. 



Independence 

The US Regional Center maintains no ownership or affiliation with project developers or borrowers utilizing EB-5 capital.




Alignment 

Unlike many regional centers that act solely as service providers, the US Regional Center participates alongside EB-5 investors as a member of the New Commercial Enterprise (NCE), aligning interests with investors.

Compliance 

The US Regional Center ensures that all projects and offerings are structured in full compliance with USCIS requirements and applicable SEC regulations.

USRC Track Record


I-526 Approvals 

99.5% Approval Rate on Filed Petitions



Job Creation

Over 40,000 Jobs Created in the United States


EB-5 Projects Sponsored 

Over $1.4 Billion in EB-5 Projects Sponsored



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US RC

Track Record 


I-526 Approvals 


99.5% Approval Rate on Filed Petitions


Job Creation 


Over 40,000 Jobs Created in the United States


EB-5 Projects Sponsored  


Over $1.4 Billion in EB-5 Projects Sponsored



EB-5 Investment
Seminar Registration




※ Selected EB-5 Project by Kookmin Emigration Corp., a leading firm in Korea (Ranked No.1 in Korea for EB-5 processing and approvals)



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