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Regal Jewelry Signs Modified Gross Lease In Midtown South Office Building

Property Image
LEASED
$48
Daniel Lolai
Wayne Siegel
+ 1

New York

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Office13,027 SF
Leased
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Property Image
LEASED

Regal Jewelry Signs Modified Gross Lease In Midtown South Office Building

1 East 33rd Street

See Similar Deals
Office13,027 SF
Leased
Daniel Lolai
Wayne Siegel
+ 1
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$48
Total Square Footage:13027 SF
Transaction Type:Lease

The office property located at 1 East 33rd Street in Midtown South, Manhattan has been leased. The asset spans 13,027 square feet and is owned by Koeppell Rosen. The tenant, Regal Jewelry, has entered into a lease agreement for the space.

Summary of transaction details

The negotiation and facilitation of the lease were handled by Daniel Lolai, Raymond Balassiano, and Wayne Siegel, representing LSL Advisors. They worked on behalf of Regal Jewelry, while Max Koepell served as the landlord's representative for Koeppell Rosen.

Players

Daniel Lolai
90 deals$211.9M volume
BROKER

Wayne Siegel
LSL Advisors
30 deals$73.4M volume
BROKER

Raymond (Ray Balas) Balassiano
LSL Advisors
21 deals
BROKER

Details

LEASED
IMAGE: Daniel Lolai, Max Koepell, Raymond Balassiano & Wayne Siegel DATE: 11/02/2023 ADDRESS: 1 East 33rd Street MARKET: Midtown South, Manhattan ASSET TYPE: Office LANDLORD: Koeppell Rosen TENANT: Regal Jewelry LANDLORD'S REP: Max Koepell (@MaxKoeppel) - Koeppell Rosen BROKERS: Daniel Lolai (@DanLolai), Raymond Balassiano (@NYCCommercialRealEstate) & Wayne Siegel - LSL Advisors (@LSLAdvisors) ASKING RENT: $48/ft ~ SF: 13,027 LEASE TYPE: Modified Gross Lease

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Deal Type
Effective Rent (Annual)

$716,831.79

Total Lease Value

$7,168,317.88

Net Landlord Cash Flow$716,831.79