In May of 2018, Emerald Creek Capital provided a $3,100,000 refinance in the Prospect Heights neighborhood of Brooklyn, NY. The bridge loan is secured by a 7,180 square foot mixed-use property situated on a 3,933 square foot corner lot. The building contains two 2-bedroom apartments, two 3-bedroom apartments, and three ground floor retail units, benefitting from 128 feet of combined frontage on Underhill Avenue and Bergen Street. Prospect Heights is a popular Brooklyn community, home to the Brooklyn Botanical Gardens, Brooklyn Museum, and Barclays Center Arena. The subject property is easily accessible by the 2, 3, S, C, B, and Q subway lines.
For more information, please contact:
Matt Fantuzzi, Senior Associate