Hung Kwong Leung obtained financing of $32M from Emerald Creek Capital 3, LLC

Hung Kwong Leung through the entity Global Joint Venture, Inc. as borrower signed a loan agreement with lender Emerald Creek Capital 3, LLC valued at $32.0 million for 1 parcel, including the tax class miscellaneous (K9) at 141 Bowery in Lower East Side. The deal closed on July 10, 2019 and was recorded on July 24, 2019.
The property contains a total of 18,734 square feet of built space. The property has 18,734 square feet of available development rights.
The average loan per buildable square foot is $1,708.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel. There was one renovation/alteration project (A2) applied for with a total estimated value of $30,000. There have been 2 demolition projects filed over the past five years.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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