Nomadworks Leases 33,783 Square Feet At 122 West 27th Street Chelsea For 16 Years
122 West 27th Street
$32
$32/SF
Building Size
33,783 SF
Asset Type
Office
Closing
Oct 6, 2026
About this deal
AI
The property asset involved in the transaction is located at 122 West 27th Street in Chelsea, Manhattan. This office space encompasses 33,783 square feet and has an asking rent of $32 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $32/ft.
- Lease Terms: 16-year lease
- Landlord: David Koeppel - Koeppel Rosen
- Tenant: Steven Cohen - Nomadworks
- Landlord's Representative: Max Koeppel - Koeppel Rosen
- Tenant's Representative: LSL Advisors
Nomadworks has signed a lease for its fourth New York City location, with the transaction occurring on October 6, 2026. This deal highlights the engagement of key representatives, including LSL Advisors for the tenant side.
On the Map
$32
$32/SF
Office
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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
495718.75%
Cash-on-Cash
-141677.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93