Updated Feb 21, 2025
Urban Standard Capital Provides $6.5M Construction Loan For Montauk SFR
44 Deforest Road, Montauk, NY, USA
$6,500,000
$1,000/SF
Building Size
6,500 SF
Asset Type
Single Family Residence
Closing
Nov 12, 2021
About this deal
AI
Located in Montauk, the property at 44 Deforest Road recently underwent a closed transaction. This single-family residential property spans an impressive 6,500 square feet.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $6,500,000
- Address: 44 Deforest Road
- Market: Montauk
- Lender: Urban Standard Capital
Urban Standard Capital provided a construction loan for the transaction. The loan, amounting to $6,500,000, was facilitated by Seth Weissman, Charlie Brosens, Robert Levine, and Bean. For all bridge and construction lending opportunities, interested parties can reach out to Charlie at [email protected] and Robert 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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93