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500 West 18th Street

Familt Ties NYC, LLC Acquires Condo In Chelsea Manhattan From Alex Witkoff For $10.1M
SOLDCondo

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

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.

Players

Alex Witkoff

Witkoff

Seller

$620M

vol

15 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

1.57%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93