150PH Trust Acquires Luxury Condo From Alex Witkoff In Chelsea For $11.92M
500 West 18th Street
$11,915,000
$4,542/SF
Building Size
2,623 SF
Asset Type
Condo
Closing
May 19, 2026
About this deal
AI
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.
On the Map
$11,915,000
$4,542/SF
Condo
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.33%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93