Emerald Creek Capital Arranges $5M Loan For Mixed-Use Property In New York

Located at 656 Lexington Ave in New York, NY, this mixed-use property secured a $5,000,000 bridge loan in April of 2021. The site spans 4,410 square feet with 133 feet of frontage and offers 52,928 square feet of buildable area. Situated in the bustling Midtown East neighborhood, the property features a two-story building with five ground-floor retail spaces and a medical therapy center on the second floor.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $5,000,000.00
• Market: New York
• Lender's Rep: Senior Vice President (Emerald Creek Capital)
• Borrower: Unknown

The loan for this prime property was provided by Emerald Creek Capital, with Matt Fantuzzi, the Vice President, as a contact person for further information. The property's strategic location in Midtown East, known for its concentration of office buildings, retail establishments, and residential towers, positions it well for future development to maximize the available buildable area. Midtown East is also home to iconic structures like the Chrysler Building and the United Nations, offering accessibility to various transportation options, including subway lines and the Metro-North Railroad at Grand Central Terminal.