1 Willoughby Square
An office property in Brooklyn, New York. Securitized in 1 CMBS deal in 2026.
$190.8MAppraised value (latest deal)
95.0%Occupancy
$13.2MUnderwritten NOI
6.9%Implied cap rate
- Address
- 235 Duffield Street, Brooklyn, NY 11201
- Property type
- Office · Urban
- Year built
- 2021
- Size
- 280,348 SF
- Sponsor
- Joseph Jerome, Morris Jerome, Jacob Jerome, Louis Jerome, Adnane Mousannif, Edmond Safra,
- Loan purpose
- Recapitalization
- Largest tenant
- Board of Education
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMO 2026-5C14 | 2026-03-10 | $190.8M | 95.0% | $13.2M | 6.9% | $25.0M | 65.5% | 1.48x | 424B |
Historical NOI reported in BMO 2026-5C14
| Period ending | NOI |
|---|---|
| 9/30/2025 | $8.9M |
| 12/31/2024 | $8.8M |
| 12/31/2023 | $7.0M |
More CMBS properties in New York →
Figures are read from Annex A-1 of the trust's SEC prospectus as of the deal's cut-off date. Parsing can misread a cell; the prospectus link is the authoritative source. Implied cap rate = underwritten NOI ÷ appraised value, shown only between 2% and 20%.