In November of 2023, Emerald Creek Capital provided a $4,000,000 acquisition loan in the SoHo neighborhood of New York, NY. The subject property consists of a recently renovated 5-story commercial building with a net rentable area of 8,400 square feet. The 2nd and 3rd floors contain private outdoor space, and the top two floors are combined into one unit which includes a large roof deck. The ground floor retail unit encompasses 1,200 square feet. SoHo is one of Manhattan’s most desirable neighborhoods, known for its luxury loft-style apartments, high-end retailers and boutiques, and trendy art galleries. The subject property is easily accessible by the 1, A, C, E, N, Q, W, R, and 6 subway lines.
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