In September of 2024, Emerald Creek Capital provided a $7,125,000 acquisition and renovation loan in the Greenpoint neighborhood of Brooklyn, NY. The loan is secured by a 16,010-square-foot through-block parcel with over 200 feet of combined frontage that the sponsor plans to reposition into a retail-oriented building. Greenpoint is a highly desirable neighborhood known for its mix of trendy boutiques, restaurants, and a vibrant arts scene, attracting a young, diverse demographic. Its prime location, with easy access to public transportation and proximity to both Williamsburg and Manhattan, makes it an ideal area for retail development. The subject property is accessible by multiple bus lines and the G subway line.
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