Bellas Pad Trust Purchases Chelsea Condo From Alex Witkoff For $23.5 Million
500 West 18th Street
$23,500,000
$4,554/SF
Building Size
5,160 SF
Asset Type
Condo
Closing
Jun 16, 2026
AI
A penthouse condo located at 500 West 18th Street in Chelsea, Manhattan has been sold for $23.5 million. The asset spans 5,160 square feet, resulting in a price per square foot of $4,554. The sale date was recorded as June 16, 2026.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $23,500,000
- Square Footage: 5,160
- Price Per Square Foot: $4,554
- Buyer: Bellas Pad Trust - Christian D. Curtis as Trustee
- Seller: Alex Witkoff - Witkoff Group
The transaction was facilitated by Alex Witkoff, who represents the Witkoff Group in the sale of this property. The trust managed by Christian D. Curtis is the buyer, successfully acquiring the condo through this closed transaction.
Players
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93