In April 2018, Emerald Creek Capital provided a $1,820,000 acquisition loan in the Midtown South neighborhood of New York, NY. The loan is secured by a retail condominium unit with 1,723 square feet above grade and 600 square feet of cellar space within an 8-story mixed-use building. The property is currently leased by a popular restaurant tenant. Midtown South is a bustling residential and commercial neighborhood in the heart of Manhattan with many restaurants, retail shops, and attractions. Notable landmarks include the Empire State Building, Madison Square Garden, and Herald Square. The subject property benefits from the 4, 6, N, R, B, D, F, and M subway lines, and commuter transportation at Pennsylvania Station and Grand Central Terminal.
For more information, please contact:
Jeff Seidler, Managing Director