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Robert Shafir And Donna Shafir Purchase Condo In Chelsea For $25 Million From Steve Witkoff And Len Blavatnik
SOLD
$25,000,000
New York
See Similar DealsCondo4,808 SF
Sold 09/16/2024
SOLD
Robert Shafir And Donna Shafir Purchase Condo In Chelsea For $25 Million From Steve Witkoff And Len Blavatnik
500 West 18th Street
See Similar DealsCondo4,808 SF
Sold 09/16/2024
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$5,199
Total Square Footage:4,808 SF
Transaction Type:Sale
A condo located at 500 West 18th Street in the Chelsea market of Manhattan has been sold for $25,000,000. The property encompasses 4,808 square feet, translating to a price per square foot of $5,200.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $25,000,000
- Address: 500 West 18th Street
- Market: Chelsea, Manhattan
- Buyer: Robert Shafir & Donna Shafir
- Seller: Steve Witkoff & Len Blavatnik
- Broker: Richard Ziegelasch - The Corcoran Group
- Square Footage: 4,808
- Price Per Square Foot: $5,200
The transaction involved Robert Shafir and his wife, Donna, purchasing the penthouse at One High Line, facilitated by broker Richard Ziegelasch from The Corcoran Group, representing the buyer. The sellers were Steve Witkoff and Len Blavatnik in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,333,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$88,819.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$118,512.75
Annual Debt Service$1,422,153.05
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