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.
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