In June of 2019, Emerald Creek Capital provided a $5,300,000 bridge loan in the Midtown East neighborhood of New York, NY. The loan is secured by a newly constructed 8,028 square foot boutique condominium building consisting of four luxury residences. The unit mix consists of one 3-bedroom triplex with a private garden and balcony, two full-floor 2-bedroom units each with a private balcony, and one 4-bedroom penthouse featuring two private balconies and a rooftop garden. All units are complete with high-end finishes and floor-to-ceiling windows. Known as the nation’s largest commercial district, Midtown East is also home to luxury residential buildings and some of Manhattan’s most iconic skyscrapers and landmarks, including the Chrysler Building and United Nations. The subject property is accessible by the E, M, 4, 5, 6, 7, and Time Square Shuttle trains in addition to the Metro-North Railroad at Grand Central Terminal.
For more information, please contact:
Scott Steinel, Senior Associate