In March of 2023, Emerald Creek Capital provided an $8,700,000 condominium inventory loan in the Sheepshead Bay neighborhood of Brooklyn, NY. The loan is secured by a newly constructed 17,091 square-foot condominium building with 18 one and two-bedroom units above 2,416 square feet of commercial space. The spacious units feature floor-to-ceiling windows, walk-in closets, luxury finishes, and private balconies. Building amenities include a roof deck, fitness center, and an 11-space parking garage. Sheepshead Bay is a vibrant waterfront neighborhood in South Brooklyn across from Manhattan Beach. The area has become increasingly desirable in recent years, seeing continued residential development among a variety of shopping, dining, and nightlife options. The subject property is easily accessible by the B and Q subway lines.
For more information, please contact:
Mike Cleaver, Managing Director