Hometown America Pays $17M for Long Island Manufactured Homes

The 244-site Foxwood Village community changed hands for the first time in almost two decades.

Image of Foxwood Village e1609862249539

Foxwood Village. Image via Google Maps

Hometown America has acquired Foxwood Village in Calverton, N.Y., for $16.8 million, Riverhead Local reported. Local investor Foxwood Corp. sold the 244-site community after more almost two decades of ownership, county records show.

Located at 1407 Middle Road, the property is some 2 miles from big-box stores such as Walmart and Costco, as well as other retail and dining options. Additionally, the asset is less than 4 miles from the Long Island Expressway, roughly 5 miles of several golf courses, and almost 10 miles from Francis S. Gabreski Airport. Completed in 1985, the over 55 manufactured housing community includes common-area amenities such as two bocceball courts, a ballroom, a library, a pool, a craft room, a lounge and a bingo room.

At the beginning of December, Hometown America received an $18 million Fannie Mae loan for Eden Roc in Hayward, Calif. A JLL team originated the 10-year debt for the 200-site manufactured housing community.