A Votre Service Events Signs Lease At 115 West 28th Street Chelsea For $40/ft
115 West 28th Street
$40
$40/SF
Building Size
900 SF
Asset Type
Retail
Closing
Mar 4, 2026
AI
The retail property located at 115 West 28th Street in Chelsea, Manhattan, features a rental space totaling 900 square feet. The asking rent for this single net lease is set at $40 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $40/ft
- Lease Type: Single Net Lease
- Landlord: Carl Calo
- Tenant: A Votre Service Events
- Brokers: Bobby Ortense & Craig Adamson - Meridian Capital Group
- Date of Transaction: 3/5/2026
Bobby Ortense and Craig Adamson from Meridian Capital Group represented the landlord, Carl Calo, in this leasing transaction. The tenant involved in this deal is A Votre Service Events, marking a new occupancy in the Chelsea market.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
396575.00%
Cash-on-Cash
-113342.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93