In March of 2022, Emerald Creek Capital provided a $43,300,000 acquisition loan on the southwestern shore of Staten Island, NY. The loan is secured by a five-building, 51-unit commercial center with 161,210 square feet of net rentable area. Verizon Wireless, Dunkin Donuts, and Panera Bread are among the long-term tenants in place. The subject property also features a Tesla charging station. The 7.71-acre site benefits from great exposure in a developed commercial area with many sought-after retailers, restaurants, and entertainment options. The popular shopping destination attracts demand locally and regionally across Staten Island and neighboring New Jersey. The subject property is easily accessible by Route 440 and the Staten Island Railroad.
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