In July of 2018, Emerald Creek Capital provided a $4,700,000 bridge loan in the Cobble Hill neighborhood of Brooklyn, NY. The loan is secured by a 3,375 square foot, three-story townhouse situated on a 2,500 square foot lot. Upon renovation and expansion, the subject property will contain three boutique condominium units totaling 5,828 square feet. The unit mix will consist of 3 three-bedroom apartments within a garden level triplex, a 2nd floor simplex and 3rd floor duplex. All units will benefit from their own outdoor space and high-end finishes. Cobble Hill is a picturesque neighborhood known for its upscale historic brownstone residences as well as its mom-and-pop shops and boutique shopping. The subject property benefits from access to the F and G subway lines at Bergen Street.
For more information, please contact:
Matt Fantuzzi, Senior Associate