In July of 2019, Emerald Creek Capital provided a $2,700,000 acquisition loan in the Bushwick neighborhood of Brooklyn, NY. The loan is secured by a three-story mixed-use building containing four residential units and two ground floor commercial units.  The building is situated on a 3,750 square foot corner lot with 9,113 square feet of gross building area.   The borrower plans to use a portion of the loan proceeds to renovate the four residential units, maximizing the gross potential revenue.  Bushwick is a popular residential neighborhood among families and young professionals. The gentrification of trendy Williamsburg to the north continues to spread through Bushwick resulting in a lively restaurant, bar, and art scene. The subject property is easily accessible by the L and M trains.

 

For more information, please contact:

 

Jeff Seidler, Managing Director
(212) 239-6517
jseidler@emeraldcreekcapital.com