Emerald Creek Capital Secures $4M Loan For Mixed-Use Property In New York

The property involved in the transaction is a 5-story mixed-use building located at 104 W 73rd St, New York, NY, 10023. The acquisition loan, amounting to $4,000,000.00, was provided by Emerald Creek Capital. The building spans 5,225 square feet and comprises 5 apartments above a second-floor office space and ground-floor retail space. The residential units vary from studios to two bedrooms, while the retail space is currently occupied by a tanning salon. Situated in the Upper West Side neighborhood, the property benefits from its proximity to Central Park and access to various subway lines.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $4,000,000.00
• Market: New York
• Lender's Rep: Managing Partner, Co-Founder (Emerald Creek Capital)
• Borrower: Unknown

Emerald Creek Capital, represented by its Managing Partner and Co-Founder, facilitated the $4,000,000 acquisition loan for the mixed-use property on 104 W 73rd St. Though the borrower remains undisclosed, the location's appeal is unmistakable, benefiting from its vibrant surroundings in the Upper West Side neighborhood of New York. With key attractions nearby like Central Park and various subway lines, the property's prime location adds value to this transaction.