Orly Corp Leases Office Space At 20 West 33rd Street Manhattan For $55/ft With JLA Home
20 West 33rd Street
$55
$55/SF
Building Size
20,014 SF
Asset Type
Office
Closing
Jun 30, 2026
AI
The transaction involved an office space located at 20 West 33rd Street in Manhattan. The asset has a total square footage of 20,014 and was leased at an asking rent of $55 per square foot. The lease type is categorized as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $55/ft
- Address: 20 West 33rd Street
- Market: Manhattan
- Landlord: JLA Home
- Tenant: Orly Corp
- Landlord's Representative: Jeffrey Rosenblatt - Lincoln Property Company
- Tenant's Representatives: Wayne Siegel, Daniel Lolai & Zach Sarraf - LSL Advisors
- Square Footage: 20,014
- Lease Type: Modified Gross Lease
This lease agreement was facilitated by Jeffrey Rosenblatt representing JLA Home, while the tenant, Orly Corp, was represented by Wayne Siegel, Daniel Lolai, and Zach Sarraf from LSL Advisors. The collaboration between these representatives played a critical role in the transaction's completion.
Players
Market Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
288418.18%
Cash-on-Cash
-82430.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93