Maverick buys $4M Bushwick note from Emerald Creek

Emerald Creek Capital LLC sold a $4 million note to new lender Maverick Real Estate Partners through the entity Broadway Mixed Use LLC secured by a one-story store building (K1) at 1275 Broadway in Bushwick. The deal closed on October 28, 2020 and was recorded on April 12, 2021. The property is owned by Choy Ling Lam.
The property contains a total of 8,940 square feet of built space.

The last time the property sold was June 15, 2016 for $6,080,000.
Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $1,500,000.0. Those filings sought to increase the number of residential units by 32 to 32

Direct link to Acris document. link