AirOps Leases 13,504 SF Office Space At 218 West 18th Street In Chelsea For $82/SF
218 West 18th Street
$82
$82/SF
Building Size
13,504 SF
Asset Type
Office
Closing
Feb 19, 2026
AI
The property involved in this transaction is located at 218 West 18th Street in Chelsea, with an asset type classified as office space. The total lease spans 13,504 square feet, with an asking rent set at $82 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $82/ft
- Address: 218 West 18th Street
- Market: Chelsea
- Landlord: Meadow Partners
- Tenant: AirOps
- Landlord's Representative: Paul Amrich - CBRE
- Tenant's Representatives: Douglas Regal & Hayley Kaplan - JLL
This lease agreement was executed by the San Francisco-based AI platform AirOps, which secured the full prebuilt eighth floor at the designated address. The involved representatives contributed to the negotiation and completion of this deal under the respective landlord and tenant agencies.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
193451.22%
Cash-on-Cash
-55288.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93