230 Park Avenue South
An office property in New York, New York. Securitized in 1 CMBS deal in 2019.
$490.0MAppraised value (latest deal)
100.0%Occupancy
$22.1MUnderwritten NOI
4.5%Implied cap rate
- Address
- 230 Park Avenue South, New York, NY 10003
- Property type
- Office · CBD
- Year built
- 1895
- Size
- 373,693 SF
- Sponsor
- TF Cornerstone Properties, LLC
- Loan purpose
- Refinance
- Largest tenant
- Discovery Communications
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2019-BNK21 | 2019-10-23 | $490.0M | 100.0% | $22.1M | 4.5% | $110.0M | 51.0% | 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%.