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
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.
Players
Brooklyn Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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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