Recent Transactions

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harlem new york real estate

November 2020

$5,000,000 – New York, NY (Harlem)

harlem new york real estate

In November of 2020, Emerald Creek Capital provided a $5,000,000 bridge loan in the Harlem neighborhood of New York, NY. The loan is secured by three adjacent parcels forming a 15,945 square foot block-through development site with 114,804 buildable square feet. The site has a depth of 200 feet and 158 feet of combined frontage. The subject property is ideally located for new development on 125th Street in Harlem, one of Manhattan’s most active retail corridors. Harlem is a lively community with a rich cultural history, known for its jazz clubs, eclectic restaurants, and landmarks like the famous Apollo Theater. The area continues to see an influx of investment and redevelopment with a number of newly constructed apartment buildings. The subject property is easily accessible by the A, B, C, D, 2, 3, 4, 5, 6, and 1 subway lines in addition to the Metro-North Railroad at the 125th Street Station.

 

For more information, please contact:

Jeff Seidler, Managing Director
(212) 239-6517
jseidler@emeraldcreekcapital.com

Check out our interactive map for a comprehensive look at our nationwide lending activity.

lower east side commercial building

November 2020

$3,200,000 – New York, NY (Lower East Side)

lower east side commercial building

In November of 2020, Emerald Creek Capital provided a $3,200,000 acquisition loan in the Lower East Side neighborhood of New York, NY. The loan is secured by a two-story plus mezzanine commercial building situated on a 2,226 square foot lot with 4,179 square feet of gross building area. The site falls within a C6-2 zone, an equivalent of the R-8 zone, offering advantageous zoning with an allowable zoning floor area of 13,401 square feet. The Lower East Side is one of New York’s most historic and diverse communities. The area has undergone considerable gentrification since the early 2000s, making it one of the city’s trendiest neighborhoods where upscale boutiques, contemporary art galleries, and restaurants line the streets.  The subject property benefits from access to the F, M, J, Z, B, and D subway lines.

 

For more information, please contact:

Dean Wang, Senior Vice President
(646) 561-4750
dwang@emeraldcreekcapital.com

Check out our interactive map for a comprehensive look at our nationwide lending activity.

chelsea NY mixed-use buildings

October 2020

$8,000,000 – New York, NY (Chelsea)

chelsea NY mixed-use buildings

In October of 2020, Emerald Creek Capital provided an $8,000,000 acquisition loan in the Chelsea neighborhood of New York, NY. The loan is secured by two adjoining 5-story buildings with a combined gross building area of 15,371 square feet. One of the buildings is currently vacant with potential for redevelopment and the other is a mixed-use building consisting of 12 residential apartments above a restaurant on the ground floor. As one of Manhattan’s most desirable and centrally located neighborhoods, Chelsea continues to see restoration and redevelopment of its many brownstones in addition to new development of luxury condominiums and office spaces. The area is a destination for culture and art with over 200 galleries and theatres, in addition to an eclectic mix of shops, restaurants, and nightlife.  The subject property is located minutes away from Chelsea Market and the High Line, and benefits from immediate access to the A, C, E, L, 1, 2, 3, F, and M subway lines.

 

For more information, please contact:

Mike Cleaver, Managing Director
(212) 239-6845
mcleaver@emeraldcreekcapital.com

Check out our interactive map for a comprehensive look at our nationwide lending activity.

park slope townhouse

October 2020

$2,900,000 – Brooklyn, NY (Park Slope)

park slope townhouse

In October of 2020, Emerald Creek Capital provided a $2,900,000 acquisition and construction loan in the Park Slope neighborhood of Brooklyn, NY. The loan is secured by a three-story townhouse building which the sponsor plans to gut renovate into three luxury condominiums. Upon completion, the building will contain 4,320 square feet of net sellable area consisting of a 2‐bedroom duplex on the ground floor and lower level with a private back yard, a 2‐bedroom floor‐through unit on the second floor with a roof deck, and a 3‐bedroom duplex on the third floor and penthouse level with a roof deck. Park Slope is one of the most desirable residential neighborhoods in the New York City area, adjacent to Prospect Park in the heart of Brooklyn. The subject property is a short drive from Manhattan and benefits from access to the G, F, and R subway lines.

 

For more information, please contact:

Matt Fantuzzi, Vice President
(646) 237-2570
mfantuzzi@emeraldcreekcapital.com

Check out our interactive map for a comprehensive look at our nationwide lending activity.

 

east village condominium building construction

September 2020

$13,750,000 – New York, NY (East Village)

east village condominium building construction

In September of 2020, Emerald Creek Capital provided a $13,750,000 construction loan in the East Village neighborhood of New York, NY.  The loan is secured by a 2,681 square foot lot, currently being developed into a ten-unit luxury condominium building.  The ten-story building will contain 22,086 square feet of gross building area, consisting of a duplex and nine full-floor residences above. The units will range from one to three bedrooms, each with two bathrooms, and the duplex will include a private garden. The building amenities will include a virtual doorman, a gym, storage units, bike storage, and a common roof terrace with an outdoor kitchen and grill station. Home to a mix of professionals, students, and artists, the East Village neighborhood offers a variety of hip restaurants, bars, and shops in addition to a vibrant art and music scene. The subject property benefits from access to the 6, L, R, W, M, and F subway lines.

 

For more information, please contact:

Jeff Seidler, Managing Director
(212) 239-6517
jseidler@emeraldcreekcapital.com

Check out our interactive map for a comprehensive look at our nationwide lending activity.

new jersey industrial property

August 2020

$2,500,000 – Clifton, NJ (Passaic County)

new jersey industrial property

In August of 2020, Emerald Creek Capital provided a $2,500,000 bridge loan secured by two industrial condominium units in Clifton, New Jersey. The larger unit has 19,158 square feet of net rentable area with 20-foot ceilings, three dock high doors, and three drive-in doors. The second unit is a free-standing building with 5,535 square feet of net rentable area with 17-foot ceilings, two drive-in doors, and is fully climate controlled. Clifton is a city in Northern New Jersey, surrounded by the Passaic River and a variety of parks and reservations. Access to the subject property is available via Routes 3, 17, 21, 46, I-80, I-280, as well as the Garden State Parkway. The subject property is also within walking distance of the New Jersey Transit which provides direct access to New York City.

 

For more information, please contact:

Jeff Seidler, Managing Director
(212) 239-6517
jseidler@emeraldcreekcapital.com

Check out our interactive map for a comprehensive look at our nationwide lending activity.

amazon building akron ohio

August 2020

$2,855,000 – Akron, OH

amazon building akron ohio

In August of 2020, Emerald Creek Capital provided a $2,855,000 acquisition loan in Akron, Ohio. The loan is secured by a 45,540 square foot warehouse and office building currently leased to Amazon as a distribution center. Situated on a 7-acre site with 227 parking spaces, the subject property is climate-controlled and contains 21-foot ceilings, 8 grade-level doors and 2 drive-in doors. The subject property will operate in conjunction with a new 2.7 million square foot, four-story Amazon fulfillment center that is currently under construction in Southwest Akron.  Akron is a city located south of Cleveland with a dense industrial area, home to facilities for well-known companies including Newell Rubbermaid, Georgia-Pacific, and others. The subject property is easily accessible by Interstate 76 and Ohio State Route 91.

For more information, please contact:

Matt Fantuzzi, Vice President
(646) 237-2570
mfantuzzi@emeraldcreekcapital.com

Check out our interactive map for a comprehensive look at our nationwide lending activity.

brooklyn condo construction rendering

July 2020

$9,000,000 – Brooklyn, NY (Vinegar Hill)

brooklyn condo construction rendering

In July of 2020, Emerald Creek Capital provided a $9,000,000 construction loan to a repeat borrower in the Vinegar Hill neighborhood of Brooklyn, New York. The loan is secured by a 7,173 square foot lot, currently being developed into a five-story luxury condominium building featuring nine family-sized units. Upon completion, the subject property will contain 20,571 square feet of gross livable area. Residents will benefit from high-end finishes, a lounge, a fitness room, a playroom, a common backyard, storage, and four parking spaces.  Vinegar Hill is a tight-knit waterfront community directly across the East River from Manhattan, known for its charm and historic row houses. The subject property is easily accessible by the F subway line, the Manhattan Bridge and Brooklyn Bridge. 

 

For more information, please contact:   

Jeff Seidler, Managing Director  
(212) 239-6517 
jseidler@emeraldcreekcapital.com 

Check out our interactive map for a comprehensive look at our nationwide lending activity.

dollar tree retail building tucson

July 2020

$2,650,000 – Tucson, AZ

dollar tree retail building tucson

In July of 2020, Emerald Creek Capital provided a $2,650,000 acquisition loan in Tucson, Arizona. The loan is secured by a NNN-leased retail building with 14,560 square feet of net rentable area, currently occupied by a Dollar Tree store. The 1.44-acre site is well-positioned at the intersection of two commercial corridors southeast of downtown Tucson and includes multiple entrances and 68 parking spaces. Home to the University of Arizona, Tucson is the state’s second-largest city after Phoenix and has seen an uptick in commercial development in recent years. The subject property is well-located and easily accessible from Interstate 10.

 

For more information, please contact:

Mark Bahiri, Managing Partner & Co-Founder
(800) 313-2616
mbahiri@emeraldcreekcapital.com

Check out our interactive map for a comprehensive look at our nationwide lending activity.

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