In September of 2022, Emerald Creek Capital provided a $5,000,000 acquisition loan in the Hamilton Heights neighborhood of Manhattan. The loan is secured by a 6-story, 56-unit multifamily building with 62,346 square feet of gross building area. The subject property overlooks the Hudson River from Riverside Drive, a scenic north-south corridor along Manhattan’s west side. Directly across the street is Riverbank State Park, a 28-acre waterfront park with numerous recreational facilities and cultural offerings. Hamilton Heights is a historic neighborhood with plenty of restaurants, businesses, and amenities that continues to see investment in residential redevelopment. The subject property is accessible by the 1, A, B, C, and D subway lines.
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