In May 2017, Emerald Creek Capital provided a $7,875,000 acquisition loan in the East Village neighborhood of Manhattan. Within the East Village/ Lower East Side Historic District, the subject property is located entirely within a R7A zoning district. The site is also mapped at its full width and depth with a C1-5 commercial overlay district. The site measures 50 X 100 SF, and is located on a corner lot that will offer 150ft of retail frontage. Located within an Inclusionary Housing Designated Area, the FAR of the site may increase from its base of 3.45 to a maximum 4.6. The site benefits from immediate access to the 6, R, and F trains.
For more information, please contact:
Jeff Seidler, Managing Director