In June of 2022, Emerald Creek Capital provided a $9,000,000 acquisition loan in the Flatbush neighborhood of Brooklyn, NY. The loan is secured by a newly constructed 7-story mixed-use apartment building with 19,148 square feet of gross buildable area. The subject property consists of 22 high-quality apartments with private balconies situated above a 3,200 square foot educational facility. Building amenities include a roof deck, lounge, game room, and parking. Flatbush is a popular community in central Brooklyn that benefits from an abundance of restaurants and businesses, in addition to proximity to major recreational and cultural assets including Prospect Park, the Parade Grounds, the Brooklyn Botanic Garden, the Brooklyn Museum of Art and the Brooklyn Central Public Library. The subject property is accessible by the 2 and 5 subway lines.
For more information, please contact:
Mike Cleaver, Managing Director
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