$2,650,000 – Brooklyn, NY (Williamsburg)

In August 2017, Emerald Creek Capital provided a $2,650,000 construction loan in the Williamsburg neighborhood of Brooklyn, New York. The loan is secured by a 2,500 square-foot lot with development plans for a four-story residential condominium building totaling 5,553 square feet of sellable area. The proposed building will consist of four two-bedroom two-bath condominiums, each with a front terrace, including one duplex with a rear yard. Located one block from McCarren Park, the subject property benefits from immediate access to the L and G subway lines.

 

For more information, please contact:

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

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