In September of 2020, Emerald Creek Capital provided a $13,750,000 construction loan in the East Village neighborhood of New York, NY. The loan is secured by a 2,681 square foot lot, currently being developed into a ten-unit luxury condominium building. The ten-story building will contain 22,086 square feet of gross building area, consisting of a duplex and nine full-floor residences above. The units will range from one to three bedrooms, each with two bathrooms, and the duplex will include a private garden. The building amenities will include a virtual doorman, a gym, storage units, bike storage, and a common roof terrace with an outdoor kitchen and grill station. Home to a mix of professionals, students, and artists, the East Village neighborhood offers a variety of hip restaurants, bars, and shops in addition to a vibrant art and music scene. The subject property benefits from access to the 6, L, R, W, M, and F subway lines.
For more information, please contact:
Check out our interactive map for a comprehensive look at our nationwide lending activity.