261 Fifth Avenue
An office property in New York, New York. Securitized in 1 CMBS deal in 2015.
$300.0MAppraised value (latest deal)
99.7%Occupancy
$13.2MUnderwritten NOI
4.4%Implied cap rate
- Address
- 261 Fifth Avenue, New York, NY 10016
- Property type
- Office · CBD
- Year built
- 1928
- Size
- 38,877 SF
- Sponsor
- Jeffrey Feil; Lloyd Goldman
- Loan purpose
- Refinance
- Largest tenant
- Dan Klores Communication
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BACM 2015-UBS7 | 2015-09-25 | $300.0M | 99.7% | $13.2M | 4.4% | $70.0M | 60.0% | 1.52x | 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%.