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118 West 27th Street

Cobblestone Labs AI Leases Retail Space At 118 West 27th Street Chelsea For $75/ft
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

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:

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.

Players

Noam Aziz

Meridian Capital Group

Broker

$900K

vol

259 deals

Broker

Matt Rettner

N/A

Landlord

$13M

vol

4 deals

Landlord
CA
Cobblestone Labs AITenant

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