SNA Cb 2018 Housing Development Fund obtained financing of $11M from The City Of New York

SNA Cb 2018 Housing Development Fund Company, Inc. as borrower signed a loan agreement with lender The City Of New York valued at $10.9 million for 20 parcels, including the tax class primarily five to six family with store or office (S5) and containing 107 residential units at 544 Bristol Street, 518 Chester Street, 618 Chester Street, 441 Herzl Street, 769 Hopkinson Avenue, and others in Brownsville. The deal closed on June 27, 2019 and was recorded on July 22, 2019.
The property contains a total of 128,721 square feet of built space. The property has 31,528 square feet of available development rights.
The average loan per unit is $101,407.
The last time the property sold was April 10, 2007, for $18,443,176.

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