350 Park Avenue
An office property in New York, New York. Securitized in 1 CMBS deal in 2017.
$710.0MAppraised value (latest deal)
99.1%Occupancy
$35.7MUnderwritten NOI
5.0%Implied cap rate
- Address
- 350 Park Avenue, New York, NY 10022
- Property type
- Office · CBD
- Year built
- 1961
- Size
- 570,784 SF
- Loan purpose
- Refinance
- Largest tenant
- Ziff Brothers Investments
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| JPMDB 2017-C5 | 2017-03-31 | $710.0M | 99.1% | $35.7M | 5.0% | $66.7M | 41.7% | 2.98x | 424B |
Historical NOI reported in JPMDB 2017-C5
| Period ending | NOI |
|---|---|
| 12/31/2015 | $34.5M |
| 12/31/2014 | $32.9M |
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%.