Sandor Krauss Purchases Condo At 500 West 18th Street In Chelsea For $10.35M
500 West 18th Street
$10,350,000
$3,840/SF
Building Size
2,695 SF
Asset Type
Condo
Closing
Mar 6, 2025
AI
A condo located at 500 West 18th Street in Chelsea, Manhattan was sold for $10,350,000. The unit covers an area of 2,695 square feet, translating to a price per square foot of approximately $3,840.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $10,350,000
- Square Footage: 2,695
- Price per Square Foot: $3,840
- Buyer: Sandor Krauss
- Seller: Steven Witkoff & Alex Witkoff - Witkoff Group & Len Blavatnik - Access Industries
- Date of Transaction: March 6, 2025
This transaction involved Sandor Krauss as the buyer, while the sellers included Steven Witkoff and Alex Witkoff of Witkoff Group, along with Len Blavatnik from Access Industries.
Players
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93