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150PH Trust Acquires Luxury Condo From Alex Witkoff In Chelsea For $11.92M
SOLD
$11,915,000
New York
See Similar DealsCondo2,623 SF
Sold 05/19/2026
SOLD
150PH Trust Acquires Luxury Condo From Alex Witkoff In Chelsea For $11.92M
500 West 18th Street
See Similar DealsCondo2,623 SF
Sold 05/19/2026
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$4,542
Total Square Footage:2,623 SF
Transaction Type:Sale
A luxury condo located at 500 West 18th Street in Chelsea, Manhattan has been sold for $11,915,000. The property spans 2,623 square feet, which results in a price per square foot of $4,543.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $11,915,000
- Buyer: 150PH Trust - Ivan Sacks as Trustee
- Seller: Alex Witkoff - Witkoff
- Square Footage: 2,623
- Price Per Square Foot: $4,543
- Sale Date: 05/19/2026
Ivan Sacks acted as the trustee for the 150PH Trust, completing the purchase on behalf of the trust, while Alex Witkoff represented the selling entity, Witkoff, in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$635,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,331.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,483.18
Annual Debt Service$677,798.14
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