$3,500,000 – Yonkers, NY (Westchester County)

In April of 2022, Emerald Creek Capital provided a $3,500,000 acquisition loan to a repeat borrower in the city of Yonkers, NY. The loan is secured by a 2-story, 56,000 square foot warehouse building on a 37,897 square foot corner lot. Located at the intersection of two major avenues, the site benefits from 300 feet of highly visible frontage. The sponsor plans to redevelop the property into an 88,830 square foot, state-of-the-art self-storage facility. Yonkers is the third-largest city in New York, situated 15 miles north of Manhattan along the Hudson River waterfront. The subject property is located off Route 9 and one mile from the Ludlow Metro North Station providing access to Grand Central.

 

 

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