In March of 2018, Emerald Creek Capital provided a $3,700,000 acquisition and building loan in the Carroll Gardens neighborhood of Brooklyn, NY. The acquisition loan is secured by a three-story townhouse. Upon renovation and expansion, the subject property will contain four condominium units totaling 5,445 SF. The unit mix will consist of two and three-bedroom apartments within a garden level duplex, and simplexes on the parlor, 2nd and 3rd levels. All units will benefit from their own outdoor space as well as a common roof deck. Carroll Gardens is a lively community in the heart of Brooklyn that strikes a charming balance between embracing its Italian heritage and offering hip bars, cafes, and local boutiques. The subject property benefits from access to the F and G subway lines.
For more information, please contact:
Jeff Seidler, Managing Director