257 Park Avenue South
An office property in New York, New York. Securitized in 1 CMBS deal in 2025.
$116.0MAppraised value (latest deal)
75.8%Occupancy
$8.0MUnderwritten NOI
6.9%Implied cap rate
- Address
- 257 Park Avenue South, New York, NY 10010
- Property type
- Office · CBD
- Year built
- 1912
- Size
- 248,143 SF
- Sponsor
- Jeffrey J. Feil
- Loan purpose
- Refinance
- Largest tenant
- Phipps Affordable Management
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMO 2025-5C9 | 2025-03-20 | $116.0M | 75.8% | $8.0M | 6.9% | $30.9M | 44.4% | 2.28x | 424B |
Historical NOI reported in BMO 2025-5C9
| Period ending | NOI |
|---|---|
| 1/31/2025 | $5.3M |
| 12/31/2024 | $5.7M |
| 12/31/2023 | $8.3M |
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%.