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Stephen H Braun Acquires Condo At 500 West 18th Street In Chelsea, Manhattan From Seller Alex Witkoff For $10.25M
500 West 18th Street
$10,250,000
Building Size
—
Asset Type
Condo
Closing
Jan 22, 2024
AI
Stephen H Braun has purchased a condo at 500 West 18th Street in Chelsea, Manhattan, from seller Alex Witkoff for $10,250,000.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $10,250,000
- Address: 500 West 18th Street, Chelsea, Manhattan
The buyer, Stephen H Braun, acquired the condo located at 500 West 18th Street in Chelsea, Manhattan. The seller in this deal was Alex Witkoff. The transaction took place on 1/22/2024, and the property was sold for $10,250,000.
Players
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
1.55%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93