In May of 2025, Emerald Creek Capital provided an $8,050,000 acquisition and renovation loan in the Tribeca neighborhood of New York, NY. The loan is secured by a five-story mixed-use building consisting of four residential units above one retail unit, totaling 8,800 square feet of gross building area. Each residential unit is a full-floor, four-bedroom, two-bathroom apartment with direct elevator access. The sponsor plans to renovate the apartments into luxury three-bedroom, three-bathroom units, with the top unit featuring a private deck. The retail unit includes 1,500 square feet of rentable space on the ground level and an additional 1,900 square feet below grade. Tribeca is a stylish and historic neighborhood in downtown Manhattan, known for its cobblestone streets, upscale lofts, and vibrant dining and arts scene. The subject property is conveniently accessible via the 1, 2, 3, A, C, E, N, and R subway lines.
For more information, please contact:
Dean Wang, Senior Vice President
(646) 561-4750
dwang@emeraldcreekcapital.com
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