Elon had the ball with 35.6 seconds left after Koon tied it for Hofstra with 1 of 2 free throws. Eddy missed the front end of a 1-and-1 with 17.3 seconds left.
Elon trailed by 13 with 6 1/2 minutes to go but used a 12-1 run to take the lead at 64-63 on Christian Hairston's dunk with 1:12 left. Hofstra pulled away with an 11-0 run to start the second half.
Dmitri Thompson had 17 points, Hairston 12 and Eddy 10 for the Phoenix.