In October of 2023, Emerald Creek Capital provided a $6,750,000 condominium inventory loan in the Gramercy Park neighborhood of New York, NY. The loan is secured by 7 condominium units totaling 10,135 square feet within a newly constructed 11-unit building. The collateral consists of six two-bedroom units and one three-bedroom unit with a private backyard. The luxury boutique building features an elegant lobby lounge, bicycle storage room, and common roof deck. Gramercy is a historic, picturesque neighborhood in the heart of Manhattan, known for its tree-lined streets, brownstone townhouses, and the exclusive Gramercy Park. Residents enjoy a quiet, residential feel while still benefiting from a central location and proximity to many dining, shopping, and entertainment options. The subject property is accessible by the 4 and 6 subway lines.
For more information, please contact:
Dean Wang, Senior Vice President
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