26 Broadway
An office property in New York, New York. Securitized in 1 CMBS deal in 2022.
$465.0MAppraised value (latest deal)
82.2%Occupancy
$20.5MUnderwritten NOI
4.4%Implied cap rate
- Address
- 26 Broadway, New York, NY 10004
- Property type
- Office · CBD
- Year built
- 1885-1926
- Size
- 839,712 SF
- Sponsor
- Meyer Chetrit and Jacob Chetrit
- Loan purpose
- Refinance
- Largest tenant
- New York City Department of Education
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| MSC 2022-L8 | 2022-04-07 | $465.0M | 82.2% | $20.5M | 4.4% | $33.9M | 24.3% | 3.43x | 424B |
Historical NOI reported in MSC 2022-L8
| Period ending | NOI |
|---|---|
| 10/31/2021 | $16.1M |
| 12/31/2020 | $21.2M |
| 12/31/2019 | $20.4M |
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%.