In May of 2025, Emerald Creek Capital provided a $4,250,000 acquisition loan in the Park Slope neighborhood of Brooklyn, NY. The subject property consists of a five-story, seven-unit multifamily building with 5,157 square feet of building area. The sponsor plans to convert the subject property into a five-unit luxury condominium building. The unit mix will consist of one two-bedroom duplex on the ground floor, three two-bedroom units, and one three-bedroom unit with a private rooftop terrace. Park Slope is a historic Brooklyn neighborhood known for its tree-lined streets, brownstones, and family-friendly atmosphere. It offers a mix of local shops and restaurants, top-rated schools, and easy access to Prospect Park. The subject property is accessible by the 2, 3, 4, B and Q subway lines.
For more information, please contact us at info@emeraldcreekcapital.com