Familt Ties NYC, LLC Acquires Condo In Chelsea Manhattan From Alex Witkoff For $10.1M
500 West 18th Street
$10,100,000
$3,833/SF
Building Size
2,635 SF
Asset Type
Condo
Closing
Jul 26, 2026
About this deal
AI
A condo unit located at 500 West 18th Street in Chelsea, Manhattan, was sold for $10,100,000. The unit spans 2,635 square feet, resulting in a price per square foot of $3,833.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $10,100,000
- Address: 500 West 18th Street, Chelsea, Manhattan
- Square Footage: 2,635
- Price Per Square Foot: $3,833
- Buyer: Familt Ties NYC, LLC
- Seller: Alex Witkoff - Witkoff
- Sale Date: July 26, 2026
This transaction involved Familt Ties NYC, LLC acquiring the unit from Alex Witkoff, who is associated with the Witkoff company. The deal highlights key players in the New York City real estate market.
On the Map
$10,100,000
$3,833/SF
Condo
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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
1.57%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93