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

The transaction involves a retail asset located at 118 West 27th Street, Chelsea, Manhattan, with a leasing rate of $75 per square foot for a space encompassing 4,000 square feet. The lease type is classified as a Single Net Lease.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $300,000
• Landlord: Matt Rettner
• Tenant: Cobblestone Labs AI
• Landlord's Representative: Noam Aziz - Meridian Capital Group
• Tenant's Representatives: Yorlyn Lopez & Michael Crowne - The Corcoran Group
• Lease Date: 07/10/2026

Noam Aziz represented the landlord in this transaction, while the tenant was represented by the team of Yorlyn Lopez and Michael Crowne. According to a note from the tenant's representative, there are intentions for innovation and development in the new space that Cobblestone Labs AI will occupy.