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
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
1.21%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93