In April of 2019, Emerald Creek Capital provided a $3,200,000 acquisition loan in the Lower East Side neighborhood of New York, NY. The loan is secured by a two-story commercial building containing 3,550 square feet of above grade building area. The building currently consists of retail space on the ground floor and office space on the second floor. The Lower East Side is one of New York’s most historic and diverse communities. The area has undergone considerable gentrification since the early 2000s, making it one of the city’s trendiest neighborhoods where upscale boutiques, contemporary art galleries, and restaurants line the streets. The subject property benefits from access to the B, D, F, and J subway lines.
For more information, please contact:
Jeff Seidler, Managing Director