In January of 2022, Emerald Creek Capital provided a $4,500,000 bridge loan in the West Village neighborhood of New York, NY. The loan is secured by a fully occupied, five-story mixed-use building with 9,369 square feet of gross buildable area. The building consists of four luxury apartments featuring a unit mix of three full-floor 2-bedroom units and one 3‐bedroom penthouse duplex unit. Each spacious residence is complete with 10-foot ceilings, floor-to-ceiling windows, and custom kitchens and baths with premium finishes. On the ground floor, the subject property also contains a 1,112 square foot corner retail unit currently occupied by a restaurant. Home to universities, public parks, and art galleries, the “Village” is one of the most desirable residential neighborhoods in Manhattan. Located just a few blocks from the Hudson River waterfront, the subject property benefits from access to the 1, 2, 3, A, C, E, B, D, F, M, L, and Path trains.
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