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500 West 18th Street

Bellas Pad Trust Purchases Chelsea Condo From Alex Witkoff For $23.5 Million
SOLDCondo

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

Alex Witkoff

Witkoff

Seller

$600.5M

vol

12 deals

Seller

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