In April 2017, Emerald Creek Capital provided a $10,000,000 bridge loan in the Chelsea neighborhood of New York, NY. The subject property is a 25 X 80 SF lot to be improved by a six-story mansion totaling 6,926 SF of above grade living area with 1,817 SF of finished below grade space. Including sub cellar and bulk head, the gross building area is approximately 10,105 SF. The residence will feature four bedrooms, eight bathrooms, two libraries, two studies, two galleries, an exercise room, a steam room, a sauna, a recreation room, storage, 825 SF of private rooftop space, and 750 SF of private rear yard space. The site is located within a five-block radius of the A, C, E, 1, 2, F, M, N, Q, R, W subway lines.
For more information, please contact:
Jeff Seidler, Managing Director