Updated Jan 29, 2026
Avi Ben Hamo Secures $3.4M Land Loan From Bayport Funding For Development Site In Brooklyn
181 Monroe Street
$3,400,000
Building Size
—
Asset Type
Development Site
Closing
Jan 16, 2026
About this deal
AI
A development site located at 181 Monroe Street in Bedford Stuyvesant, Brooklyn, has been secured with a land loan. The asset encompasses a building square footage of 5,000 and falls within a dynamic market area.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,400,000
- Lender: Bayport Funding
- Landlord: Avi Ben Hamo
The loan facilitates Avi Ben Hamo's development plans through 181 Monroe Ave LLC, marking a significant financing move in the real estate sector.
The development site loan at 181 Monroe Street in Brooklyn, New York financed for $3.4M in 2026. 181 Monroe Street is classified as Development Site on Traded. This page is the Brooklyn, New York file for the 181 Monroe Street development site financed: pricing, party profiles, and other closed development site comps from the same Brooklyn sit in the Market section below. Filter that Brooklyn development site set by closing date to see what else financed near 181 Monroe Street around 2026. Published consideration for 181 Monroe Street is $3.4M, dated 2026. Cite this Avi Ben Hamo Secures $3.4M Land Loan From Bayport Funding For Development Site In Brooklyn loan when underwriting similar development site product around Brooklyn, New York.
Players
Brooklyn Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93