Updated Feb 21, 2025
Urban Standard Capital Provides $7.5M Construction Loan For Amagansett SFR
91 Abrahams Landing Road
$7,500,000
$562/SF
Building Size
13,341 SF
Asset Type
Single Family Residence
Closing
Aug 31, 2022
About this deal
AI
The property at 91 Abrahams Landing Rd. in Amagansett has been involved in a closed transaction. This single-family residence spans over 13,341 square feet, making it a spacious living space in the area.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $7,500,000
- Address: 91 Abrahams Landing Rd.
- Market: Amagansett
- Lender: Urban Standard Capital - Harrison Rowen, Seth Weissman & Robert Levine
- Loan Type: Construction
The loan for this property was provided by Urban Standard Capital, with Harrison Rowen, Seth Weissman, and Robert Levine representing the lender. The loan amount was $7,500,000, and it was a construction loan.
On the Map
$7,500,000
$562/SF
Single Family Residence
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Amagansett 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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93