In September of 2022, Emerald Creek Capital provided a $7,500,000 bridge loan in the Flatiron District of New York, NY. The loan is secured by a five-story mixed-use office building with 16,431 square feet of net rentable area. The building consists of four full-floor office units above a ground-floor commercial unit which is currently leased to a restaurant. Flatiron is a desirable and central neighborhood in Manhattan with many restaurants and cultural attractions. The area has a heavy concentration of office and retail uses, and benefits from numerous transportation options. The subject property is located one block from the iconic Flatiron Building and Madison Square Park, several blocks from Union Square, and is accessible by the N, Q, R, W, 6, 4, and PATH trains.
For more information, please contact:
Mike Cleaver, Managing Director
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