$21,800,000 – New York, NY (Roosevelt Island)

In May of 2024, Emerald Creek Capital provided a $21,800,000 condominium inventory loan on Roosevelt Island in New York, NY. The collateral consists of 37 residential condominiums and 4 retail condominiums situated within two luxury mixed-use buildings. The residential units range from one to three bedrooms. Several units feature private patios, and building amenities include a 24-hour doorman, fitness center, lounge, and a rooftop with sweeping views of Manhattan. The ground floor retail condominiums are 100% leased to 7 tenants. Roosevelt Island is a narrow island in New York City’s East River, known for its quiet residential neighborhoods, scenic parks, and striking skyline views. The subject property is accessible to Manhattan via the F train, Roosevelt Island Tramway, and NYC Ferry.

 

For more information, please contact:

Mike Cleaver, Managing Director
(212) 239-6845
mcleaver@emeraldcreekcapital.com

 

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