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1 Main Street

Urban Standard Capital Provides $3 Million Acquisition Loan For Retail Asset In Sag Harbor
FINANCEDRetail

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

Urban Standard Capital
Urban Standard CapitalLender

Seth Weissman

Urban Standard Capital

Originator

$590.5M

vol

56 deals

Originator

Sag Harbor Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

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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