In February of 2020 Emerald Creek Capital provided an $8,250,000 acquisition loan in the town of Scarsdale, NY. The loan is secured by a two-story mixed-use building with 13,986 square feet of net rentable area. The building consists of 7 retail units on the ground floor and 7 second-floor office spaces. The subject property is situated on a 7,841 square foot corner lot with 280 feet of frontage. Located 20 miles north of New York City in Westchester County, Scarsdale is one of the most desirable suburbs in New York. The subject property benefits from its location directly across from a Metro-North station in the main business district, and is a 25-minute train ride from Manhattan.
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