In June of 2022, Emerald Creek Capital provided a $5,100,000 bridge loan in the Park Slope neighborhood of Brooklyn, NY. The loan is secured by a four-story, pre-war building consisting of 9 residential units above a 1,450 square foot commercial space. Landmarked within the Park Slope Historic District, the elegant Renaissance Revival-style exterior has been preserved while the interior has been renovated into luxury, modern residences. Park Slope is one of the most desirable neighborhoods in the New York City area, adjacent to Prospect Park in the heart of Brooklyn. The area benefits from an array of shopping and restaurants in addition to recreational and cultural offerings such as the Brooklyn Central Public Library, the Brooklyn Botanic Garden, and Barclays Center. The subject property has a coveted location one block from Prospect Park and is accessible by the 2, 3, 4, B, Q, D, N, R, and W subway lines.
For more information, please contact:
Mike Cleaver, Managing Director
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