In January of 2018, Emerald Creek Capital provided a $12,000,000 acquisition loan in the St. George neighborhood of Staten Island, NY. The loan is secured by an eleven-story mixed use building comprised of 24 two-bedroom residences, 16 one-bedroom residences, and 3 grade level commercial spaces. Each residential unit features a private terrace, many with unobstructed views of the Manhattan skyline, in addition to hardwood floors and stainless-steel appliances. The luxury building includes amenities such as a fitness center, roof deck, and indoor parking. St George is a historic town along the New York Harbor known for its Victorian homes, eclectic restaurants, and vibrant artistic community. The subject property is located a short walk to the Staten Island Ferry with access to Lower Manhattan.
For more information, please contact:
Scott Steinel, Senior Associate