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500 West 18th Street

Sandor Krauss Purchases Condo At 500 West 18th Street In Chelsea For $10.35M
SOLDCondo

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

Sandor Krauss

Buyer

$154.3M

vol

14 deals

Buyer
AI
Access IndustriesSeller

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

1.53%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93