Updated Feb 21, 2025
Urban Standard Capital Provides $5.3M Loan For Montauk SFR
40 Deforest Road, Montauk, NY, USA
$5,300,000
$1,127/SF
Building Size
4,700 SF
Asset Type
Single Family Residence
Closing
Apr 1, 2021
About this deal
AI
The property asset involved in this transaction is a single-family home located at 40 Deforest Road in Montauk. The transaction took place on April 2, 2021.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $5,300,000
- Lender: Urban Standard Capital - Seth Weissman, Charlie Brosens & Robert Levine
The lender for this transaction is Urban Standard Capital, represented by Seth Weissman, Charlie Brosens, and Robert Levine. Urban Standard Capital is actively lending in South Florida, New York, Connecticut, New Jersey, and Philadelphia. For bridge and construction lending opportunities, you can email 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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93