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218 West 18th Street

AirOps Leases 13,504 SF Office Space At 218 West 18th Street In Chelsea For $82/SF
LEASEDOffice

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

Paul Amrich

CBRE

Broker

37 deals

Broker
Meadow Partners
Meadow PartnersLandlord

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