$1,860,000 – Brooklyn, NY (East Williamsburg)

550metro

In November of 2014, Emerald Creek Capital provided a one year $1,860,000 acquisition loan in the East Williamsburg neighborhood of Brooklyn, NY. On a 25.17’ X 120.42’ lot, the subject property is currently improved with a 3,400 SF three-story, five unit, multifamily dwelling. With an FAR of 4, the borrower intents on maximizing floor area. The buyer was under the constraint of a 1031 and turned to Emerald Creek Capital for certainty of execution.

For more information, please contact:

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

 

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