facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Condo

/

Sale

/

500 West 18th Street

John Gehr Purchases Condo At 500 West 18th Street Chelsea Manhattan From Alex Witkoff For $10.675M
SOLDCondo

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

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.

Players

Alex Witkoff

Witkoff

Seller

$567M

vol

10 deals

Seller

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

1.49%

Cash-on-Cash

-0.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93