Ryan Harry Persad Acquires Condo In Chelsea Manhattan From Alex Witkoff For $9.995M
500 West 18th Street
$9,995,000
$3,608/SF
Building Size
2,770 SF
Asset Type
Condo
Closing
Jun 3, 2026
About this deal
AI
A 2,770-square-foot luxury condo located at 500 West 18th Street in Chelsea, Manhattan, has been sold for $9,995,000. The property commands a premium rate of $3,608 per square foot, highlighting its market value as a desirable asset next to the High Line.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $9,995,000
- Buyer: Ryan Harry Persad
- Seller: Alex Witkoff - Witkoff
- Square Footage: 2,770
- Price Per Square Foot: $3,608
The transaction was facilitated by Ryan Harry Persad as the buyer and Alex Witkoff, who represented his company Witkoff as the seller. This sale reflects the competitive nature of Manhattan's luxury real estate market.
On the Map
$9,995,000
$3,608/SF
Condo
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New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $3.6K per square foot on a published $10M for 2,770 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93