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Sandor Krauss Purchases Condo At 500 West 18th Street In Chelsea For $10.35M
SOLD
New York
See Similar DealsCondo2,695 SF
Sold 03/06/2025
SOLD
Sandor Krauss Purchases Condo At 500 West 18th Street In Chelsea For $10.35M
500 West 18th Street
See Similar DealsCondo2,695 SF
Sold 03/06/2025
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$3,840
Total Square Footage:2,695 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$552,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,771.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,064.28
Annual Debt Service$588,771.36
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