$5,500,000 – Queens, NY (Astoria)

In May of 2024, Emerald Creek Capital provided a $5,500,000 bridge loan in the Astoria neighborhood of Queens, NY. The loan is secured by a newly constructed five-story mixed-use building with 10 residential units situated above two commercial units. The subject property has 10,399 square feet of net rentable area. Each residential unit has two-bedrooms, and the penthouse is a full-floor unit with two private decks. Astoria is a vibrant neighborhood directly across the East River from Manhattan, well known for its cultural diversity and culinary scene. In addition to its proximity to Manhattan, a multitude of eclectic restaurants, parks, and cultural attractions enhance its appeal to families and young professionals. Astoria continues to see extensive investment in new residential and retail development. The subject property is easily accessible by the N and W subway lines.

 

For more information, please contact:

Mike Cleaver, Managing Director
(212) 239-6845
mcleaver@emeraldcreekcapital.com

 

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