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20 West 33rd Street

Orly Corp Leases Office Space At 20 West 33rd Street Manhattan For $55/ft With JLA Home
LEASEDOffice

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:

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

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

92 deals

Broker
JH
JLA HomeLandlord

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

288418.18%

Cash-on-Cash

-82430.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93