LEASEDRetail
Cobblestone Labs AI Leases Retail Space At 118 West 27th Street Chelsea For $75/ft
118 West 27th Street
$75
$75/SF
Building Size
4,000 SF
Asset Type
Retail
Closing
Jul 10, 2026
About this deal
AI
The retail property located at 118 West 27th Street in Chelsea, Manhattan, has an asking rent of $75 per square foot, encompassing a total area of 4,000 square feet. The property is under a single net lease arrangement.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $75/ft
- Address: 118 West 27th Street
- Market: Chelsea, Manhattan
- Lease Type: Single Net Lease
- Landlord: Matt Rettner
- Tenant: Cobblestone Labs AI
- Landlord's Representative: Noam Aziz & Daniel Zacaim - Meridian Capital Group
Noam Aziz and Daniel Zacaim from Meridian Capital Group represent the landlord, Matt Rettner, in this lease transaction, facilitating the agreement with Cobblestone Labs AI as the tenant.
On the Map
$75
$75/SF
Retail
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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
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93