1230 Avenue Of The Americas
An office property in New York, New York. Securitized in 1 CMBS deal in 2024.
$455.0MAppraised value (latest deal)
99.5%Occupancy
$30.6MUnderwritten NOI
6.7%Implied cap rate
- Address
- 1230 Avenue Of The Americas, New York, NY 10020
- Property type
- Office · CBD
- Year built
- 1939
- Size
- 739,920 SF
- Sponsor
- Tishman Speyer Properties, L.P. and Henry Crown and Company S LLC
- Loan purpose
- Refinance
- Largest tenant
- Simon & Schuster
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| WFCM 2024-5C2 | 2024-11-19 | $455.0M | 99.5% | $30.6M | 6.7% | $3.0M | 32.3% | 3.17x | 424B |
Historical NOI reported in WFCM 2024-5C2
| Period ending | NOI |
|---|---|
| 7/31/2024 | $22.8M |
| 12/31/2023 | $23.3M |
| 12/31/2022 | $19.1M |
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%.