In December of 2019, Emerald Creek Capital provided a $5,000,000 bridge loan in the Sheepshead Bay neighborhood of Brooklyn, NY. The loan is secured by a newly renovated retail building situated on an 18,350 square foot site with 31,000 square feet of net rentable area. Sheepshead Bay is a vibrant waterfront neighborhood in South Brooklyn across from Manhattan Beach. The area has seen an increase in popularity in recent years, appealing to residents and visitors with an eclectic mix of shops, eateries, and lively community events. The subject property benefits from an active retail location on Sheepshead Bay Road and is easily accessible by the B and Q subway lines.
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