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1 East 33rd Street

Regal Jewelry Signs Modified Gross Lease In Midtown South Office Building
LEASEDOffice

Regal Jewelry Signs Modified Gross Lease In Midtown South Office Building

1 East 33rd Street

$48

$48/SF

Building Size

13,027 SF

Asset Type

Office

Closing

Nov 2, 2023

AI

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

LSL Advisors

Broker

$211.9M

vol

91 deals

Broker

Market Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

330479.17%

Cash-on-Cash

-94451.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93