$13.2M Loan Secured For Commercial Property At 210 Clarkson Ave, Brooklyn

The commercial property located at 210 Clarkson Ave, Brooklyn, NY, 11226 is the subject of a $13,200,000 bridge loan provided by Emerald Creek Capital in August of 2019. The property spans two stories, covering 43,200 square feet, and is positioned on a 27,000 square foot corner lot. It houses a supermarket, a Dollar Tree store, an educational facility, and a rooftop recreation area, with an additional 5,200 square foot parking lot. The location in Prospect Lefferts Gardens benefits from its proximity to Prospect Park and prime placement on a well-trafficked commercial avenue, easily accessible by the 2 and 5 trains.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $13,200,000.00
• Address: 210 Clarkson Ave, Brooklyn, NY, 11226
• Market: Brooklyn

The borrower of the $13,200,000 bridge loan provided by Emerald Creek Capital remains unidentified. Notably, the property in Prospect Lefferts Gardens is occupied by a variety of businesses and benefits from its desirable residential and retail neighborhood, known for its proximity to Brooklyn’s renowned Prospect Park. The strategic positioning of this property on a busy commercial avenue ensures high visibility and accessibility, further enhancing its investment appeal.