In September 2017, Emerald Creek Capital provided a $3,000,000 refinance in the Chelsea neighborhood of Manhattan. The loan is secured by a three-story mixed-use building situated on a 1,422 square foot lot with 3,266 of gross buildable area. Consisting of two 2-bedroom residential units and 1,256 square feet of grade level commercial space, the building was recently renovated and is currently 100% leased. Chelsea is one of Manhattan’s most desirable residential neighborhoods and is also considered a destination for culture and art. The subject property is located minutes away from Chelsea Market and the High Line, and benefits from immediate access to the A, C, E, L, 1, 2, 3, F, and M subway lines.
For more information, please contact:
Jeff Seidler, Managing Director