In March of 2022, Emerald Creek Capital provided an $11,500,000 acquisition loan in the Upper West Side neighborhood of New York, NY. The loan is secured by a 7-story mixed-use building with 32,900 square feet of gross buildable area and 60 feet of frontage on Broadway, one of Manhattan’s most prominent commercial corridors. The subject property is comprised of two ground-floor retail units and 27 apartments ranging from studios to five bedrooms. The Upper West Side is a vibrant neighborhood known for tree-lined streets with pre-war apartment buildings and townhouses. The area enjoys many sought-after retailers, restaurants, and attractions such as Lincoln Center, Museum of Natural History, Central Park and Riverside Park. The subject property is accessible by the 1, 2, 3, A, C, and B subway lines.
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