$5,000,000 – New York, NY (Central Harlem)

In December of 2024, Emerald Creek Capital provided a $5,000,000 bridge loan in the Central Harlem neighborhood of New York, NY. The loan is secured by an 11-story, 46-unit mixed-use condominium building with 45,819 square feet of gross building area. The residential unit mix consists of two studio units, 31 one-bedroom units, and 13 two-bedroom units with a net salable area of 36,062 square feet. Building amenities include bike storage, a shared outdoor terrace, and a recreation room. On the ground floor is a community facility with 3,061 square feet of rentable area above grade, and 2,703 square feet below grade. Central Harlem is a vibrant neighborhood in New York City known for its rich cultural history, iconic brownstones, and thriving arts, music, and dining scenes. The subject property is easily accessible by the A, B, and C subway lines.