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Scott Ferguson & Harry Alexander Kosene Acquire Greenpoint Condo On West St. From Marvin Azrak For $6.38M

Property Image
SOLD
$6,380,000
David Avgi
MA

New York

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Condo5,338 SF
Sold 11/07/2022
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Property Image
SOLD

Scott Ferguson & Harry Alexander Kosene Acquire Greenpoint Condo On West St. From Marvin Azrak For $6.38M

148 West Street

See Similar Deals
Condo5,338 SF
Sold 11/07/2022
David Avgi
MA
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Condo
Price Per Square Foot:$1,195
Total Square Footage:5,338 SF
Transaction Type:Sale

Located at 148 West St. in Greenpoint, this condo was recently sold in a closed transaction. The property features a total of 5,338 square feet and was sold for a price of $6,380,000, reflecting a price per square foot of $1,195.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $6,380,000
  • Address: 148 West St.
  • Market: Greenpoint
  • Square Footage: 5,338

The buyers in this transaction were Scott Ferguson and Harry Alexander Kosene, while the seller was Marvin Azrak. Representing the deal was David Avgi, a partner at Avenues Real Estate. A top sales agent in new development in Brooklyn and Manhattan, David Avgi ensured a successful transaction for all parties involved.

For any future real estate needs, interested individuals can contact David Avgi at Avenues Real Estate.

Players

David Avgi
Avenues Real Estate
David Avgi
24 deals$81.2M volume(646) 628-3220
BROKER

Details

SOLD
IMAGE: David Avgi DATE: 11/07/2022 ADDRESS: 148 West St. MARKET: Greenpoint ASSET TYPE: Condo BUYER: Scott Ferguson & Harry Alexander Kosene SELLER: Marvin Azrak BROKER: David Avgi (@DavidPrettyBoy) - Avenues Real Estate (@Avenuesny) SALE PRICE: $6,380,000 SF: 5,338 ~ PPSF: $1,195 NOTE FROM @Avenuesny: David Avgi is a partner at Avenues Real Estate. He is a top sales agent in new development in Brooklyn and Manhattan. For any of your buying and selling needs, contact him at anytime.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$340,266.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,666.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,244.45
Annual Debt Service$362,933.46