In May of 2018, Emerald Creek Capital provided a $9,000,000 refinance in the Long Island City neighborhood of Queens, NY. The subject property is a fully occupied, seven-story, 22,369 square foot mixed-use building situated on a 5,009 square foot lot. The building contains 14 one-bedroom residences, 5 studio residences, and 1 bi-level commercial unit on the ground level and second floor. Each residential unit features a private outdoor area, hardwood floors and stainless-steel appliances. Building amenities include a fitness center, roof deck, and lounge. Formerly a hub of manufacturing, Long Island City continues to undergo a rapid residential development, catering to young professionals and new businesses. The area is known for its waterfront parks and thriving arts community. The subject property benefits from access to the M, F, N, and R subway lines.
For more information, please contact:
Mike Cleaver, Managing Director