$3,400,000 – Brooklyn, NY (Williamsburg & Bushwick)

In April of 2024, Emerald Creek Capital provided a $3,400,000 bridge loan in the Williamsburg and Bushwick neighborhoods of Brooklyn, NY. The collateral securing the loan includes a recently renovated seven-unit apartment building totaling 5,118 square feet.  The loan is additionally secured by a 1,652-square-foot parcel that will be developed into a 6-story, 8,257-square-foot mixed-use building comprised of five residential units and ground-floor retail.  Neighboring one another, Williamsburg and Bushwick are two of Brooklyn’s most desirable neighborhoods, targeted by developers over the past decade due to increased rental demand. The area is scattered with art studios and galleries, in addition to many parks, restaurants, shops, and businesses. Both properties are easily accessible via various subway and bus lines, in addition to highways and major thoroughfares.

 

For more information, please contact:

Jeff Seidler, Managing Director
(212) 239-6517
jseidler@emeraldcreekcapital.com

 

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