229 West 43rd Street Retail Condo
A retail property in New York, New York. Securitized in 2 CMBS deals between 2016 and 2017.
$470.0MAppraised value (latest deal)
100.0%Occupancy
$21.5MUnderwritten NOI
4.6%Implied cap rate
- Address
- 229 West 43rd Street, New York, NY 10036
- Property type
- Retail · Anchored
- Year built
- 1913-1947
- Size
- 248,457 SF
- Loan purpose
- Refinance
- Largest tenant
- Bowlmor Times Square
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| CD 2016-CD2 | 2016-12-08 | $470.0M | 100.0% | $21.5M | 4.6% | $75.0M | 60.6% | 1.75x | 424B |
| JPMDB 2017-C5 | 2017-03-31 | $470.0M | 100.0% | $21.5M | 4.6% | $80.0M | 60.6% | 1.75x | 424B |
Historical NOI reported in JPMDB 2017-C5
| Period ending | NOI |
|---|---|
| 12/31/2014 | $11.9M |
| 12/31/2013 | $9.6M |
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%.