Urban Standard Capital Provides $3 Million Acquisition Loan For Retail Asset In Sag Harbor
1 Main Street
$3,000,000
Building Size
—
Asset Type
Retail
Closing
Feb 12, 2026
AI
The asset involved in this transaction is a retail property located at 1 Main Street in Sag Harbor. The loan amount secured for this acquisition is $3,000,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,000,000
- Lender: Urban Standard Capital
- Landlord: David Shorenstein, Jason Breitstone, John Piccinnini & Kelly Piccinnini
- Loan Type: Acquisition
The deal is represented by key individuals including Seth Weissman, Haley Davis, Bean, David Shorenstein, Jason Breitstone, Kelly Piccinnini, and John Piccinnini. For all bridge and construction lending opportunities, Urban Standard Capital has indicated to email [email protected].
Players
Sag Harbor Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93