Emerald Creek Capital Provides $6.75M Loan For Condo On Bergen St, Brooklyn

The property at 757 Bergen St, Brooklyn, NY, 11238 is a newly constructed condominium development in the Prospect Heights neighborhood of Brooklyn. The $6,750,000 refinance provided by Emerald Creek Capital is secured by this property, which consists of 9 residential units spanning 18,072 square feet of sellable area. Each unit is a duplex or triplex and boasts hardwood floors, marble countertops, stainless steel appliances, and private outdoor spaces. Located in Prospect Heights, the property is conveniently accessible via various subway lines, including C, B, D, N, Q, R, 2, 3, 4, and 5, as well as the Long Island Rail Road at Atlantic Terminal.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $6,750,000.00
• Lender: Emerald Creek Capital
• Market: Brooklyn
• Address: 757 Bergen St, Brooklyn, NY, 11238

The $6,750,000 refinance in the Prospect Heights neighborhood of Brooklyn, NY was facilitated by Emerald Creek Capital in December 2018. This loan is significant as it allowed for the continued development and maintenance of the condominium property, ensuring the enhancement of the residential units and overall community in Prospect Heights. Emerald Creek Capital's involvement in this deal showcases their commitment to supporting real estate projects in thriving neighborhoods like Prospect Heights within Brooklyn, contributing to the growth and prosperity of the local real estate market.