In December of 2024, Emerald Creek Capital provided a $16,545,000 acquisition loan in the Hunters Point neighborhood of Long Island City, NY. The loan is secured by a 20,000-square-foot development site with 200 feet of frontage and 80,000 square feet of buildable area. The sponsor plans to redevelop the subject property into a luxury condominium building. Hunters Point is a vibrant waterfront neighborhood known for its modern high-rise apartments, stunning views of Manhattan, and close proximity to parks like Gantry Plaza State Park. It offers a mix of residential, commercial, and cultural spaces, with good access to public transit and a thriving arts and dining scene. The subject property is easily accessible by the E, M, L & G trains at Court Square.
For more information, please contact:
Matt Fantuzzi, Senior Vice President
(646) 237-2570
mfantuzzi@emeraldcreekcapital.com
Check out our interactive map for a comprehensive look at our nationwide lending activity.