$28,350,000 – Brooklyn, NY (Boerum Hill)

In July of 2024, Emerald Creek Capital provided a $28,350,000 bridge loan in the Boerum Hill neighborhood of Brooklyn, NY. The loan is secured by a 45,000-square-foot corner and through-block parcel currently improved by a four-story office building. Although the building is fully occupied by a credit tenant, the site itself allows for 152,500 square feet of zoning floor area, providing upside potential through residential redevelopment. Boerum Hill is a desirable neighborhood characterized by historic brownstones, tree-lined streets, and a blend of residential and commercial areas. It has a relaxed, community-oriented vibe and boasts a variety of trendy shops, cafes, and restaurants. The subject property is conveniently located near Downtown Brooklyn, with access to the 2, 3, 4, 5, B, D, N, Q, and R trains at Atlantic Avenue.

For more information please contact:

Christian Galanti
Managing Director

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