In July of 2018, Emerald Creek Capital provided an $11,500,000 construction loan in the Boerum Hill neighborhood of Brooklyn, NY. Located on a 7,161 square foot site, the loan is secured by a to-be-completed seven-story mixed-use building totaling 22,502 square feet of Gross Building Area. The completed project will contain 24 residential units totaling 18,106 square feet, 1,311 square feet of ground-floor retail and 1,529 square feet of below grade retail. There will also be 12 covered parking spaces and a common roof deck. The site is conveniently located just steps from Court and Smith Streets, two major commercial corridors each with a variety of restaurants and boutiques. The subject property benefits from immediate access to the F and G subway lines and is a short distance to the D, M, N, R, 2, 3, 4, 5, B, and Q lines and the LIRR at Atlantic Terminal.
For more information, please contact:
Jeff Seidler, Managing Director