In January of 2025, Emerald Creek Capital provided a $6,670,000 acquisition and renovation loan in the Park Slope neighborhood of Brooklyn, NY. The loan is secured by two four-story mixed-use apartment buildings, each consisting of three residential units above one ground-floor retail unit. The subject property contains a combined gross building area of 9,760 square feet. Park Slope is a charming, tree-lined neighborhood known for its historic brownstones, family-friendly atmosphere, and vibrant cultural scene. It boasts a mix of boutique shops, trendy restaurants, and proximity to Prospect Park, making it a desirable area for residents and visitors alike. The subject property is located two blocks from Prospect park and is accessible by the B, Q, F, and G subway lines.
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