In June of 2018, Emerald Creek Capital provided a $2,700,000 refinance in the Harlem neighborhood of New York, NY. The loan is secured by a newly constructed, 5,200 square foot multifamily building situated on a 1,873 square foot lot. It contains 6 studio apartments, a two-bedroom duplex with a private backyard and private car garage, and a two-bedroom penthouse with a large private deck. All residents enjoy high-end finishes, in-unit laundry, and a common roof deck. Harlem is a lively community with a rich cultural history, known for its jazz clubs, eclectic restaurants, and landmarks like the famous Apollo Theater. The area continues to see an influx of investment and redevelopment with a number of newly constructed apartment buildings. The subject property is located just two blocks from 125th Street, one of New York’s most active retail corridors, and is accessible by the 4, 5, 6, 2, and 3 subway lines.
For more information, please contact:
Jeff Seidler, Managing Director