John McDonough & Alejandro Moreno Acquire Condo From Alex Witkoff For $12.39M In NYC
500 West 18th Street
$12,386,554
$3,912/SF
Building Size
3,166 SF
Asset Type
Condo
Closing
Feb 25, 2025
AI
500 West 18th Street is a condo located in New York City, which has been sold for a price of $12,386,554.00. The condo encompasses a total of 3,166 square feet, presenting a substantial living space within the market.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $12,386,554.00
- Address: 500 West 18th Street
- Market: New York City
- Square Footage: 3,166.0
- Buyer: John McDonough & Alejandro Moreno
- Seller: Alex Witkoff
- Sale Date: 02/25/2025
John McDonough and Alejandro Moreno represented the buyers in this transaction, while Alex Witkoff was the seller. The completion of this sale marks a significant event in the New York real estate market, involving prominent individuals in the property 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
1.28%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93