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Stephen H Braun Acquires Condo At 500 West 18th Street In Chelsea, Manhattan From Seller Alex Witkoff For $10.25M
SOLD
$10,250,000
New York
See Similar DealsCondo
Sold 01/22/2024
SOLD
Stephen H Braun Acquires Condo At 500 West 18th Street In Chelsea, Manhattan From Seller Alex Witkoff For $10.25M
500 West 18th Street
See Similar DealsCondo
Sold 01/22/2024
Summary
NEW YORK
Asset Type:Condo
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$546,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,416.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,590.23
Annual Debt Service$583,082.75
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