Emerald Creek Capital Provides $4.5M Loan For Retail Property On McGuinness Blvd

The loan amount of $4,500,000.00 was provided by Emerald Creek Capital for the refinance of three adjacent 3-story apartment buildings located at 2 McGuinness BLVD in Brooklyn, NY. The buildings contain 7 units and feature high-quality finishes, individual roof decks, and a mix of studio, 2-bedroom, 3-bedroom, and 4-bedroom apartments.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,500,000.00
• Market: Brooklyn
• Lender: Emerald Creek Capital
• Location: 2 McGuinness BLVD, Brooklyn, NY, 11...
• Asset Type: Retail

The Greenpoint neighborhood in Brooklyn, NY, is known for its hipster appeal and vibrant artistic community. The area boasts a revitalized East River waterfront park, trendy eateries, bars, live music venues, and is close to McCarren Park. The property's location provides easy access to the L and 7 trains, making it a desirable residential area.