250 West 57th Street
An office property in New York, New York. Securitized in 1 CMBS deal in 2020.
$330.0MAppraised value (latest deal)
79.8%Occupancy
$19.9MUnderwritten NOI
6.0%Implied cap rate
- Address
- 250 West 57th Street, New York, NY 10107
- Property type
- Office · CBD
- Year built
- 1921
- Size
- 543,743 SF
- Sponsor
- Empire State Realty OP, L.P.
- Loan purpose
- Recapitalization
- Largest tenant
- American Society of Composers, Authors and Publishers
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2020-BNK30 | 2020-12-22 | $330.0M | 79.8% | $19.9M | 6.0% | $55.0M | 54.5% | 424B |
Historical NOI reported in BANK 2020-BNK30
| Period ending | NOI |
|---|---|
| 6/30/2020 TTM | $19.3M |
| 12/31/2019 | $19.0M |
| 12/31/2018 | $19.1M |
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%.