1535 Broadway
A retail property in New York, New York. Securitized in 1 CMBS deal in 2025.
$1.04BAppraised value (latest deal)
99.3%Occupancy
$59.9MUnderwritten NOI
5.8%Implied cap rate
- Address
- 1535 Broadway, New York, NY 10012
- Property type
- Retail · Retail/Signage
- Year built
- 1985
- Size
- 106,481 SF
- Sponsor
- Vornado Realty Trust
- Loan purpose
- Recapitalization
- Largest tenant
- Marquis Theatre Associates
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMARK 2025-V15 | 2025-05-23 | $1.04B | 99.3% | $59.9M | 5.8% | $45.0M | 26.6% | 3.34x | 424B |
Historical NOI reported in BMARK 2025-V15
| Period ending | NOI |
|---|---|
| 12/31/2024 | $69.2M |
| 12/31/2023 | $67.1M |
| 12/31/2022 | $63.8M |
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%.