11 West 42nd Street
An office property in New York, New York. Securitized in 1 CMBS deal in 2023.
$555.0MAppraised value (latest deal)
98.6%Occupancy
$31.7MUnderwritten NOI
5.7%Implied cap rate
- Address
- 11 West 42nd Street, New York, NY 10036
- Property type
- Office · CBD
- Year built
- 1927
- Size
- 960,568 SF
- Sponsor
- Tishman Speyer Properties, L.P. and Silverstein Properties, LLC
- Loan purpose
- Refinance
- Largest tenant
- Michael Kors
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMO 2023-5C1 | 2023-08-16 | $555.0M | 98.6% | $31.7M | 5.7% | $62.5M | 49.4% | 1.39x | 424B |
Historical NOI reported in BMO 2023-5C1
| Period ending | NOI |
|---|---|
| 3/31/2023 | $26.7M |
| 12/31/2022 | $26.7M |
| 12/31/2021 | $26.4M |
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%.