1600 Broadway
A retail property in New York, New York. Securitized in 1 CMBS deal in 2022.
$197.0MAppraised value (latest deal)
100.0%Occupancy
$9.3MUnderwritten NOI
4.7%Implied cap rate
- Address
- 1600 Broadway, New York, NY 10019
- Property type
- Retail · Single Tenant
- Year built
- 2005
- Size
- 25,693 SF
- Sponsor
- Paramount Group, Inc.
- Loan purpose
- Acquisition
- Largest tenant
- Mars Retail Group
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2022-BNK41 | 2022-05-05 | $197.0M | 100.0% | $9.3M | 4.7% | $98.0M | 49.7% | 2.70x | 424B |
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%.