In December of 2023, Emerald Creek Capital provided a $3,000,000 acquisition loan in the Prospect Heights neighborhood of Brooklyn, NY. The loan is secured by 7,033 square feet of fully leased commercial condominium space across 4 units. The subject property spans the ground floor of a newly constructed luxury building containing 278 residential units. Prospect Heights is a desirable Brooklyn neighborhood, home to the Brooklyn Botanical Gardens, Prospect Park, Brooklyn Museum, and Barclays Center Arena. The area has seen significant mixed-use development in recent years, creating opportunities for new businesses and driving demand for commercial space. The subject property benefits from frontage in a high-traffic area and is conveniently accessible by the 2, 3, 4, 5, B, A, C, and S subway lines.
For more information please contact:
Mike Cleaver, Managing Director
(212) 239-6845
mcleaver@emeraldcreekcapital.com
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