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:
- Property Type: Office
- Transaction Amount: $55/ft
- Square Footage: 20,014
- Lease Type: Modified Gross Lease
- Landlord: JLA Home
- Tenant: Orly Corp
- Landlord's Representative: Jeffrey Rosenblatt & Christina De Jesus - Lincoln Property Company
- Tenant's Representative: Wayne Siegel, Daniel Lolai & Zach Sarraf - LSL Advisors
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
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