$52,000,000 – New York, NY (Midtown East)

In August of 2024, Emerald Creek Capital provided a $52,000,000 construction loan in the Midtown East neighborhood of New York, NY. As complete, the subject property will consist of a 19-story luxury building with 31 residential condos above commercial space on a prime corner lot. The full-service building will encompass 44,459 square feet and offer amenities including a spa, fitness center, and outdoor recreation area. Located in the heart of Manhattan, Midtown East is a blend of luxury residential buildings, commercial spaces, and iconic landmarks such as the Chrysler Building and Grand Central Terminal. Residents will enjoy numerous dining, shopping, and entertainment options, along with excellent transportation links. The subject property is easily accessible by the 4, 5, 6, E, and M subway lines.