In December 2017, Emerald Creek Capital provided a $3,100,000 acquisition and construction loan in the East Williamsburg neighborhood of Brooklyn, NY. The loan is secured by a 2,137 square foot development site with a zoning floor area of 6,411 square feet. Proposed plans for the site include a five-story, five-unit condominium building containing a mix of two and three bedroom apartments with modern, high-end finishes and private outdoor spaces. East Williamsburg is an attractive, high-growth area evolving in recent years into an enclave of vintage boutiques, eateries, electronic music venues, and cafes. The subject property is a short drive from Manhattan and benefits from access to the L and G subway lines.
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Jeff Seidler, Managing Director (212) 239-6517 email@example.com