299 Park Avenue
An office property in New York, New York. Securitized in 1 CMBS deal in 2025.
$1.10BAppraised value (latest deal)
95.2%Occupancy
$72.2MUnderwritten NOI
6.6%Implied cap rate
- Address
- 299 Park Avenue, New York, NY 10171
- Property type
- Office · CBD
- Year built
- 1966
- Size
- 1,176,837 SF
- Sponsor
- Fisher Brothers and Alaska Permanent Fund Corporation
- Loan purpose
- Refinance
- Largest tenant
- Capital One
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2025-BNK49 | 2025-03-17 | $1.10B | 95.2% | $72.2M | 6.6% | $29.0M | 45.6% | 2.35x | 424B |
Historical NOI reported in BANK 2025-BNK49
| Period ending | NOI |
|---|---|
| 9/30/2024 | $61.3M |
| 12/31/2023 | $60.4M |
| 12/31/2022 | $62.2M |
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%.