In June 2017, Emerald Creek Capital provided a $41,500,000 refinance in the Midtown East neighborhood of Manhattan. Located within the C5-3 and C5-2.5 zoning districts, the subject property is a development site with 154,314 square feet of zoning floor area. To be built on a 10,544 square foot lot, the site has approved plans for a 49-story residential building with 173,059 square feet of total construction floor area. The subject property benefits from immediate access to Grand Central Terminal and the E, M, B, D, F, S, 4, 5, 6, and 7 trains.
For more information, please contact:
Jeff Seidler, Managing Director