Emerald Creek Capital Provides $1.8M Refinance For MultiFamily In Borough Park

The property at 1337 49th St, Brooklyn, NY, 11219, is a 4-story, 3-family townhouse with 7,526 square feet of gross building area. It has two 4-bedroom units on the first and second floors, and one 6-bedroom duplex on the third and fourth floors. The property received a $1,800,000 refinance from Emerald Creek Capital. Situated in the Borough Park neighborhood of Brooklyn, this multi-family asset benefits from its proximity to retail stores, eateries, and the D subway line on New Utrecht Avenue.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $1,800,000.00
• Lender: Emerald Creek Capital
• Lender's Representative: Associate Director (Timbercreek Capital)
• Contact Person: Scott Steinel, Senior Associate

Scott Steinel can be reached at (646) 237-2568 or via email at [email protected]. Emerald Creek Capital, the lender in this transaction, operates from various locations including New York, Palm Beach Gardens, Chadds Ford, and Boston. The refinance deal for this property signifies the attractiveness of multi-family properties in the Borough Park area of Brooklyn.