In October of 2019, Emerald Creek Capital provided a $3,900,000 bridge loan in the town of Great Neck, NY on the North Shore of Long Island. The loan is secured by a 2-story mixed-use retail and office building situated on a 9,600 square foot corner lot with 16,545 square feet of rentable area. Current tenants include a restaurant, bridal shop, music school, and law office. The property has 196 feet of total frontage, with 100 feet of frontage on Northern Boulevard, a major commercial thoroughfare. Great Neck is a desirable suburban neighborhood offering an array of restaurants, shops, parks, and highly rated schools. The subject property benefits from access to the Long Island Expressway and the Northern State Parkway.
For more information, please contact:
Matt Fantuzzi, Vice President