Steven Cranwell Acquires Condo In New York City For $2M With Brokers David Avgi & Ovi Lazari - Avenues Real Estate
SOLD
$1,975,000
New York
See Similar DealsCondo1,797 SF
Sold 03/23/2023
SOLD
Steven Cranwell Acquires Condo In New York City For $2M With Brokers David Avgi & Ovi Lazari - Avenues Real Estate
220 West 93rd Street
See Similar DealsCondo1,797 SF
Sold 03/23/2023
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$1,099
Total Square Footage:1,797 SF
Transaction Type:Sale
The condo located at 220 West 93rd Street in New York City has been sold in a closed transaction. The property, with a total area of 1,797 square feet, was purchased by Steven Cranwell from seller Richard Berzene. The sale price for this transaction was $2,000,000, resulting in a price per square foot of $1,113. The deal was facilitated by David Avgi and Ovi Lazari from Avenues Real Estate.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $2,000,000
- Property Size: 1,797 square feet
- Price per Square Foot: $1,113
- Buyer: Steven Cranwell
- Seller: Richard Berzene
- Brokers: David Avgi & Ovi Lazari - Avenues Real Estate
Steven Cranwell acted as the buyer in this transaction, while Richard Berzene served as the seller. The deal was successfully closed with the assistance of David Avgi and Ovi Lazari from Avenues Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$105,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,016.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,362.51
Annual Debt Service$112,350.09
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