In March of 2019, Emerald Creek Capital provided a $3,300,000 bridge loan in the Hunters Point neighborhood of Long Island City, NY. The loan is secured by a newly constructed 6-story mixed use building with an above-grade building area of 7,181 square feet. The subject property consists of seven 1 and 2-bedroom apartments in addition to a 1,459 square foot commercial space on the ground floor. Long Island City is known for its rapid and ongoing residential growth, waterfront parks, and thriving arts community. One stop from Midtown Manhattan, the Hunters Point neighborhood is a desirable residential area popular among young professionals. The subject property benefits from access to the 7, N, W, E, M, and R subway lines, and the Long Island Railroad.
For more information, please contact:
Matt Fantuzzi, Vice President