Tallwood High Line LLC Purchases Condo From Alex Witkoff For $9.45 Million In Chelsea
500 West 18th Street
$9,450,000
$3,390/SF
Building Size
2,787 SF
Asset Type
Condo
Closing
Jun 28, 2026
AI
A 2,787-square-foot luxury condominium located at 500 West 18th Street in Manhattan's Chelsea market was sold. The property was acquired by Tallwood High Line LLC for $9,450,000, resulting in a price of $3,391 per square foot. The sale closed on June 28, 2026.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $9,450,000
- Buyer: Tallwood High Line LLC
- Seller: Alex Witkoff - Witkoff
- Square Footage: 2,787
- Price per Square Foot: $3,391
- Closing Date: 06/28/2026
Alex Witkoff represented himself in this transaction. The deal showcases activities within the Chelsea real estate market and involves a prominent local developer purchasing a luxury asset.
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
1.68%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93