Steven Cranwell Acquires Condo In New York City For $2M With Brokers David Avgi & Ovi Lazari - Avenues Real Estate
220 West 93rd Street
$1,975,000
$1,099/SF
Building Size
1,797 SF
Asset Type
Condo
Closing
Mar 23, 2023
AI
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.
Players
Market Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.03%
Cash-on-Cash
-2.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93