Mark Penna
Managing Partner
Emerald Creek Capital
Emerald Creek Capital NYC portfolio
$49.5 million -office 100%; Manhattan 100%*
2252th largest portfolio by dollar value
58,390 sqft – office 100%; Manhattan 100%
3195th largest by SF
18 residential units – Manhattan 100%
3954th largest by residential units
4 foreclosures, 1 bankruptcy, 1 other court case.
Person Activity past 24 months:
Buyer signatory: 1 for $49.5 million
Seller signatory: 1 for $3 million
Lender signatory: 3 for $66 million
Top Ten Associated Companies:
Certes Partners (1), Joginder Sharma (1), Howard Ng (1), Chung Ng (1), Hung Kwong Leung (1), Khaloyan Kapital (1), Balanced Living Development (1), Aulder Capital (1), Eden Ashourzadeh (1), Alon Ashourzadeh (1)
Top Ten Associated People:
Sunder Jambunathan (1), Joginder Sharma (1), Howard Ng (1), Kevin J. Nash (1), David Khaloyan (1), Eugene Khody (1), John Reid (1), Stephen S. Siminou (1), Sergey Rybak (1), Samuel E. Bravmann (1)
Recent activity as signatory:
• CRE8 Equities borrowed $5.5 million from Citibank for 180 Avenue Of The Amer, SoHo, Manhattan on May 26, 2026.
• Rybak Development borrowed $48.1 million from Derby Copeland Capital for 133 East 55 Street on May 22, 2026.
• Hung Kwong Leung sold 141 Bowery for $49.5 million to Emerald Creek Capital on May 21, 2026.
• Howard Ng and Chung Ng borrowed $6.7 million from Goldman Sachs for 270 Manhattan Avenue on April 21, 2026.
• Emerald Creek Capital sold None for $3 million to Eden Ashourzadeh and Alon Ashourzadeh on February 26, 2026.
• ZHL Group borrowed $70 million from Maxim Capital Group for None on January 30, 2026.
• DAX Real Estate borrowed $11.6 million from Trevian Capital for 260 Banker Street on January 30, 2026.
• Excel Development Group borrowed $13.7 million from Netanel Group for 339 East 33 Street on December 23, 2025.
• Tegern Capital borrowed $12.8 million from Kriss Capital for 419 Smith Street on December 12, 2025.
• Balanced Living Development borrowed $8.3 million from Emerald Creek Capital for 12-16 30 Avenue on September 03, 2025.
Latest Stories:
• Lender Emerald Creek Capital takes title to LES office, following $32M bankruptcy (June 05, 2026)
• Emerald Creek Capital sells mixed-use REO for $3M in Prospect Heights (March 12, 2026)
• DAX Real Estate signs $11.6M refi with Trevian for industrial in Greenpoint (February 20, 2026)
• Golden East Investors buys $53.5M note secured by NYC industrial (November 14, 2025)