$2,470,000 – Brooklyn, NY (Greenpoint)


In January 2016, Emerald Creek Capital provided a $2,470,000 acquisition loan in the Greenpoint neighborhood of Brooklyn, NY. Built on a 25 X 100 ft lot, the subject property is currently improved with a 4,082 SF mixed-use building. The site is zoned within an inclusionary Housing District in the R7A and C2-4 districts which permits a base floor area ratio of 3.45. Therefore, the site possesses an additional 4,543 SF of development rights. Located along Manhattan Avenue, the subject property is within three blocks of the G subway line.


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