Foxy Management borrows $13M from The City of New York for multifamily property in Bronx

Foxy Management through the entity 1880 Boston Road Housing Development Fund Corp. as borrower signed a loan agreement with lender The City of New York valued at $13.1 million for 1 parcel, including the tax class residential condo in Acris (SC) and containing 168 residential units at 1880 Boston Road in Bronx. The deal closed on November 4, 2019 and was recorded on November 14, 2019.
The property contains a total of 116,423 square feet of built space.
The average loan per unit is $73,807.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link