In October of 2018, Emerald Creek Capital provided a $6,000,000 acquisition loan in the Park Slope neighborhood of Brooklyn, NY. The loan is secured by a 5,559 square foot retail building situated on a 4,509 square foot corner lot. The borrower has plans to expand the existing structure to take advantage of the approximate 8,000 square feet of available air rights. The subject property is located in a desirable retail and residential neighborhood of Brooklyn in close proximity to Prospect Park and a short walking distance to the R and W subway lines.
For more information, please contact:
Mike Cleaver, Managing Director