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Emerald Creek Capital Provides $6.6 Million Loan For Development Site In Hell's Kitchen

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FINANCED
$6,600,000
Adam Hakim
+ 2

New York

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Development Site
Financed
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Property Image
FINANCED

Emerald Creek Capital Provides $6.6 Million Loan For Development Site In Hell's Kitchen

411 West 55th Street

See Similar Deals
Development Site
Financed
Adam Hakim
+ 2
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Summary

NEW YORK
Asset Type:Development Site
Transaction Type:Loan

The property asset involved in this transaction is a development site located at 411 West 55th Street in Hell's Kitchen, Manhattan. The loan amount secured for this property is $6,600,000, categorized as an acquisition loan.

Summary of transaction details:

The key individuals involved in this deal include brokers James Murad, Adam Hakim, Michael Winter, Evan Brudnicki, and Alexander Korolik, who represent the parties in this transaction. They are affiliated with Ripco, a notable brokerage firm in the real estate market.

Players

James Murad
62 deals$2.9B volume(646) 290-2012
BROKER

Adam Hakim
Ripco
60 deals$2.9B volume(646) 290-2011
BROKER


Alexander (Xander) Korolik
Ripco
9 deals$439M volume(917) 846-9143
BROKER

Evan Brudnicki
Ripco
9 deals$439M volume(212) 750-6565
BROKER

Emerald Creek Capital
LENDER

Details

FINANCED
IMAGE: Adam Hakim, James Murad, Michael Winter, Evan Brudnicki & Alexander Korolik DATE: 11/25/2025 ADDRESS: 411 West 55th Street MARKET: Hell's Kitchen, Manhattan ASSET TYPE: Development Site LENDER: Emerald Creek Capital LANDLORD: Pro H Development BROKERS: James Murad (@James_Murad), Adam Hakim, Michael Winter, Evan Brudnicki (@Evan_Brudnicki) & Alexander Korolik (@XanderKorolik) - Ripco (@RipcoInvestmentSales) LOAN AMOUNT: $6,600,000 LOAN TYPE: Acquisition

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$6,600,000.00

Monthly NOI$44,000.00
Monthly Debt Service$41,716.49
Change in Cash Flow$0.00
Refinance Proceeds$0.00