Updated Feb 21, 2025
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
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