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20 West 33rd Street

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

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

20 West 33rd Street

$55

$55/SF

Building Size

20,014 SF

Asset Type

Office

Closing

Jun 30, 2026

AI

The asset involved in this transaction is an office property located at 20 West 33rd Street. The lease is set at an asking rent of $55 per square foot for a total space of 20,014 square feet. The lease type is a Modified Gross Lease between the landlord and tenant.

Summary of transaction details:

This lease transaction features key individuals representing both parties, with Jeffrey Rosenblatt and Christina De Jesus from Lincoln Property Company acting on behalf of the landlord, JLA Home. On the tenant side, Wayne Siegel, Daniel Lolai, and Zach Sarraf from LSL Advisors represent Orly Corp in this lease agreement.

Players

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

93 deals

Broker
JH
JLA HomeLandlord
OC
Orly CorpTenant

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