In November of 2021, Emerald Creek Capital provided a $4,000,000 acquisition loan in the Upper West Side neighborhood of New York, NY. The loan is secured by a 5,225 square foot, 5-story mixed-use building consisting of 5 apartments above a second-floor office space and ground-floor retail space. The residential units range from studios to two bedrooms and the retail unit is occupied by a tanning salon. The Upper West Side is a vibrant neighborhood known for tree-lined streets with pre-war apartment buildings and townhouses. The area enjoys prominent retail corridors and attractions such as Lincoln Center, Museum of Natural History, Central Park and Riverside Park. The subject property has a prime location one block from Central Park and benefits from access to the 1, 2, 3, A, C, and B subway lines.
For more information, please contact:
Mark Bahiri, Managing Partner
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