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324 East Lake Drive, Montau...

Updated Feb 21, 2025

Urban Standard Capital Provides $1.84M Loan For Montauk SFR On East Lake Dr
FINANCEDSingle Family Residence

Urban Standard Capital Provides $1.84M Loan For Montauk SFR On East Lake Dr

324 East Lake Drive, Montauk, New York 11954, United States

$1,840,000

Building Size

Asset Type

Single Family Residence

Closing

Jul 19, 2021

About this deal

AI

324 East Lake Drive in Montauk recently closed in a transaction involving a single-family residence (SFR). The property was purchased with a loan from Urban Standard Capital for a total amount of $1,840,000. The deal was facilitated by Seth Weissman, Charlie Brosens, Bean, and Robert Levine, who represented the lender.

Summary of transaction details:

  • Property Type: Single-Family Residence (SFR)
  • Transaction Amount: $1,840,000
  • Lender: Urban Standard Capital
  • Lender's Representatives: Seth Weissman, Charlie Brosens, Bean, and Robert Levine

If you are interested in bridge and construction lending opportunities, you can contact Robert at [email protected] or Charlie at [email protected].

Players

Seth Weissman

Urban Standard Capital

Lender

$612.4M

vol

59 deals

Lender
Urban Standard Capital
Urban Standard CapitalLender

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

8.62%

Cash-on-Cash

-2.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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