In May of 2018, Emerald Creek Capital provided a $2,200,000 acquisition loan in the Williamsburg neighborhood of Brooklyn, NY. Built on a 50×75 square foot lot, the site is currently improved by a three-story multi-family building and detached garage totaling 3,314 square feet. The borrower intends to redevelop the property to take advantage of the 8,250 square feet of zoning floor area. Directly across the Brooklyn Bridge from Manhattan, Williamsburg is a desirable residential neighborhood and hub for the arts and music community. The area has evolved into a vibrant neighborhood of vintage boutiques, eateries, electronic music venues, and cafes. The subject property is located two blocks from the waterfront and is accessible by the L, J, and Z subway lines.
For more information, please contact:
Jeff Seidler, Managing Director