Updated Oct 28, 2024
Urban Standard Capital Provides $1.65M Construction Loan For East Hampton SFR
9 Oyster Shores Road, East Hampton, NY 11937, USA
$1,650,000
$392/SF
Building Size
4,200 SF
Asset Type
Single Family Residence
Closing
Sep 21, 2021
About this deal
AI
Located in East Hampton, the property at 9 Oyster Shores Road recently underwent a closed transaction involving a construction loan. This single-family residence spans approximately 4,200 square feet.
Summary of transaction details:
- Property Type: Single-Family Residence
- Transaction Amount: $1,650,000
- Market: East Hampton
- Lender: Urban Standard Capital
- Loan Type: Construction Loan
- Landlord: Watkins Development
The key individuals involved in this deal include Seth Weissman, Charlie Brosens, Robert Levine, and their representative, Bean. Urban Standard Capital provided the construction loan for this transaction, facilitating the development of the property. For all bridge and construction lending opportunities, interested parties can reach out to Robert at [email protected] or Charlie at [email protected].
Players
East Hampton 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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93