Emerald Creek Capital Provides $3.9M Loan For Mixed-Use Property In Great Neck

A $3,900,000 bridge loan was provided by Emerald Creek Capital in October of 2019 for a 2-story mixed-use retail and office building located at 1119 Northern Blvd in Great Neck, NY. The property sits on a 9,600 square foot corner lot with 16,545 square feet of rentable area. It houses tenants such as a restaurant, bridal shop, music school, and law office, and features 196 feet of total frontage with 100 feet facing Northern Boulevard.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $3,900,000.00
• Address: 1119 Northern BLVD, Great Neck, NY
• Market: Great Neck
• Lender's Rep: Senior Vice President (Emerald Creek Capital)
• Borrower: Unknown

The subject property in Great Neck, NY benefits from its location in a desirable suburban neighborhood offering various amenities such as restaurants, shops, and parks. Additionally, it has easy access to major commercial thoroughfares like the Long Island Expressway and the Northern State Parkway.