In November of 2018, Emerald Creek Capital provided a $9,000,000 refinance in the Tribeca neighborhood of New York, NY. The loan is secured by a development site with 19,170 square feet of zoning floor area. The corner lot benefits from 189 feet of frontage, including 118 feet along Avenue of the Americas. The developers have planned a 7-story mixed-use building comprised of 10 residential condominium units and ground-floor retail. Additionally, the elevator building will offer subterranean parking and storage as well as private and shared outdoor space. The subject property is located in the Tribeca East Historic District and received unanimous approval from the Landmarks Preservation Commission. The Tribeca neighborhood is one of Manhattan’s most desirable areas, known for its cobblestone streets, luxury loft-style apartments, and some of the most notable restaurants, entertainment, and art galleries in New York. The subject property benefits from access to the 1, A, C, E, 6, J, Z, N, Q, R, and W subway lines.
For more information, please contact:
Jeff Seidler, Managing Director