25 West 45th Street
An office property in New York, New York. Securitized in 1 CMBS deal in 2014.
$107.0MAppraised value (latest deal)
95.1%Occupancy
$6.3MUnderwritten NOI
5.9%Implied cap rate
- Address
- 25 West 45th Street, New York, NY 10036
- Property type
- Office · CBD
- Year built
- 1913
- Size
- 32,128 SF
- Sponsor
- Kenneth Aschendorf; Berndt Perl
- Loan purpose
- Refinance
- Largest tenant
- Merrill Communications
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| COMM 2014-CCRE15 | 2014-02-03 | $107.0M | 95.1% | $6.3M | 5.9% | $70.0M | 65.4% | 1.29x | 424B |
Historical NOI reported in COMM 2014-CCRE15
| Period ending | NOI |
|---|---|
| most recent | $5.9M |
| 12/31/2012 | $5.4M |
| 12/31/2011 | $4.7M |
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%.