In July of 2018, Emerald Creek Capital provided a $2,450,000 acquisition loan in Bay Shore, NY on the south shore of Long Island. The loan is secured by a multi-tenant retail center situated on a 1.97-acre site with 14,950 square feet of leasable area. The building is divided into 7 retail units and includes 792 feet of frontage on Sunrise Highway, a well-traveled east-west highway connecting towns along the south shore. Located adjacent to Great South Bay, Bay Shore is a historic waterfront town and popular summer destination for New Yorkers, with Ferry terminals attracting those traveling to the white sand beaches of Fire Island. The subject property is accessible from Manhattan by the Long Island Rail Road and a variety of public bus lines.
For more information, please contact:
Matt Fantuzzi, Senior Associate