Sna Cb 2018 Housing Development Fundobtained financing of $14M 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 $13.6 million for 23 parcels, including the tax class multifamily, over six families without stores (C1) and containing 171 residential units at 486 Gates Avenue, 161 Jefferson Avenue, 145 Jefferson Avenue, 143 Jefferson Avenue, 133 Jefferson 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 178,946 square feet of built space. The property has 15,287 square feet of available development rights.
The average loan per unit is $79,432.

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

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