New Deal Announcement
Harlem (NYC)
Coulton Creek Capital is pleased to announce our latest preferred equity investment in Central Harlem, New York City. This development includes 52 residential units and 4,000 square feet of retail space, located just a five-minute walk from the express train to Midtown. Positioned in one of Upper Manhattan's most desirable neighborhoods, the project is fully vested under New York’s 421-a 35-year property tax abatement program, offering strong investment potential.
With construction well underway, the development is set to meet the high demand in Central Harlem, where vacancy rates are just 2.1%. Backed by experienced partners with a successful track record in similar NYC projects, this investment is poised for excellent performance in a thriving submarket.
Investment Spotlight
Marble Hill
Marble Hill, a mixed-use development in the northernmost neighborhood of Manhattan, offers an exceptional living environment with stunning views of the Harlem River and Upper Manhattan. Coulton Creek Capital, in partnership with a well-respected middle-market contractor, is backing the construction of 115 rental units and 8,500 square feet of community-focused commercial space.
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With convenient access to the 1 train and the Metro-North station, Marble Hill ensures a smooth commute to Grand Central Terminal and Times Square. This project, benefiting from the 421-a 35-year property tax abatement program, is poised to become a sought-after residential destination in New York City.
