John Gehr Purchases Condo At 500 West 18th Street Chelsea Manhattan From Alex Witkoff For $10.675M
500 West 18th Street
$10,675,000
$4,083/SF
Building Size
2,614 SF
Asset Type
Condo
Closing
Mar 12, 2026
About this deal
AI
A condo located at 500 West 18th Street in Chelsea, Manhattan was sold. The property spans 2,614 square feet and was sold for $10,675,000, resulting in a price per square foot of $4,084. The sale was finalized on March 12, 2026.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $10,675,000
- Address: 500 West 18th Street, Chelsea, Manhattan
- Square Footage: 2,614
- Price Per Square Foot: $4,084
- Buyer: John Gehr
- Seller: Alex Witkoff - Witkoff
- Sale Date: March 12, 2026
John Gehr acquired the condo from Alex Witkoff, who is associated with the company Witkoff. This transaction reflects the activity and interest in Manhattan's real estate market.
On the Map
$10,675,000
$4,083/SF
Condo
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New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $4.1K per square foot on a published $10.7M for 2,614 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.49%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93