Updated May 12, 2025
Urban Standard Capital Provides $2.24M Loan For Montauk SFR On Leon Court
3 Leon Court, Montauk, NY 11954
$2,240,000
$640/SF
Building Size
3,500 SF
Asset Type
Single Family Residence
Closing
Jul 20, 2020
About this deal
AI
The property asset involved in this transaction is a single-family residence located at 3 Leon Court in the Montauk market. The loan amount for this property is $2,240,000.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $2,240,000
- Address: 3 Leon Court
- Market: Montauk
- Lender: Urban Standard Capital
- Lender Representatives: Seth Weissman, Charlie Brosens, Robert Levine, Bean
- Date: 07/20/2021
Urban Standard Capital emphasizes its capability to structure and close all loans with certainty, speed, flexibility, and creativity. For bridge and construction lending opportunities, interested parties can contact Robert at [email protected] and Charlie at [email protected].
Players
Montauk Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.08%
Cash-on-Cash
-2.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93