$12,000,000 – Greenport, NY (Long Island)

In December of 2021, Emerald Creek Capital provided a $12,000,000 acquisition loan in the town of Greenport, NY on the north fork of Long Island. The loan is secured by a 17-unit, 44,400 square foot waterfront condominium building situated on a 1.72-acre site. With 22,523 square feet of net sellable area, the spacious residences range from 1 to 3 bedrooms, each with a private balcony, luxurious finishes, and top-of-the-line appliances. Many of the units enjoy waterfront views. Building amenities include an indoor parking garage, elevator, private boat slips, and a yacht club. Greenport is a historic seaport community known for its quaint downtown of restaurants, shops, and picturesque waterfront. The subject property is within walking distance of the village and is accessible from New York City and other parts of Long Island by Route 48, Route 25, and the Long Island Railroad.

 

For more information, please contact:

Jeff Seidler, Managing Director
(212) 239-6517
jseidler@emeraldcreekcapital.com

 

 

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