CB-Emmanuel Realty pays $11.1M to C.A.L.B.C. Housing Development Fund for property in Jamaica

CB-Emmanuel Realty through the entity Calvary Housing Development Fund Corporation paid C.A.L.B.C. Housing Development Fund’s C.A.L.B.C. Housing Development Fund Company Inc. $11.1 million for 160-60 Claude Avenue in Jamaica. The deal closed on December 17, 2020 and was recorded on January 15, 2021. The transaction consists of 1 parcel, including the tax class homes for indigent children, aged, homeless (N2) and containing 100 residential units. The property is 77,000 square feet.
The sale price per unit is $111,000.

The contract date is September 7, 2018.
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. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $3,486,000.

Direct link to Acris document. link