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91 Abrahams Landing Road

Urban Standard Capital Provides $7.5M Construction Loan For Amagansett SFR
FINANCEDSingle Family Residence

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

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.

Players

Seth Weissman

Urban Standard Capital

Lender

$590.5M

vol

56 deals

Lender
Urban Standard Capital
Urban Standard CapitalLender

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