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500 West 18th Street

Nile Lundgren Of Serhant Represents Buyer In $13.1M Condo Sale In Chelsea Manhattan
SOLDCondo

Nile Lundgren Of Serhant Represents Buyer In $13.1M Condo Sale In Chelsea Manhattan

500 West 18th Street

$13,100,000

$4,109/SF

Building Size

3,188 SF

Asset Type

Condo

Closing

Jun 19, 2025

AI

The asset involved in this transaction is a condo located at 500 West 18th Street in Chelsea, Manhattan. The sale price of the property was $13,100,000. It encompasses a total square footage of 3,188 with a price per square foot of $4,109.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $13,100,000
  • Address: 500 West 18th Street
  • Market: Chelsea, Manhattan
  • Square Footage: 3,188
  • Price Per Square Foot: $4,109
  • Seller: The Witkoff Group
  • Buyer's Representative: Nile Lundgren - Serhant
  • Seller's Representative: Steve Gold - The Corcoran Group

Nile Lundgren represented the buyer in this transaction, while Steve Gold acted as the representative for the seller. The transaction is noted as a significant deal involving a buyer connected to the entertainment industry, specifically referred to as a "Netflix Duo," indicating a high-profile nature of the deal.

Players

Nile Lundgren

Serhant

Broker

$81.2M

vol

9 deals

Broker
Serhant
SerhantBrokerage

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

1.21%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93