$1,170,000 – Brooklyn, NY (Gravesend)

In November 2015, Emerald Creek Capital provided a $1,170,000 acquisition loan secured by a three-story, multifamily building in the Gravesend neighborhood of Brooklyn, NY.

Built on a 2,500 SF lot, the five-unit building is to be converted into a six-unit totaling over 5,500 SF. The property is located two blocks from Ocean Parkway and enjoys building access to the F, N, and D subway lines.