Bsdc Cb 2018 Housing Development Fund Company, Inc obtained financing of $5M from The City Of New York

Bsdc Cb 2018 Housing Development Fund Company, Inc as borrower signed a loan agreement with lender The City Of New York valued at $5.2 million for 11 parcels, including the tax class three-family (C0) and containing 63 residential units at 585 Greene Avenue, 609 Greene Avenue, 651 Greene Avenue, 655A Greene Avenue, 676 Greene Avenue, and others in Bedford-Stuyvesant. The deal closed on June 27, 2019 and was recorded on July 22, 2019.
The property contains a total of 68,114 square feet of built space. The property has 4,686 square feet of available development rights.
The average loan per unit is $82,991.

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