469 7th Avenue
An office property in New York, New York. Securitized in 1 CMBS deal in 2022.
$187.0MAppraised value (latest deal)
87.4%Occupancy
$9.2MUnderwritten NOI
4.9%Implied cap rate
- Address
- 469 7th Avenue, New York, NY 10018
- Property type
- Office · CBD
- Year built
- 1921
- Size
- 269,233 SF
- Sponsor
- Martin Meyer
- Loan purpose
- Refinance
- Largest tenant
- The City of New York
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BBCMS 2022-C18 | 2022-12-14 | $187.0M | 87.4% | $9.2M | 4.9% | $19.0M | 52.4% | 1.41x | 424B |
Historical NOI reported in BBCMS 2022-C18
| Period ending | NOI |
|---|---|
| 5/31/2022 | $9.1M |
| 12/31/2021 | $8.8M |
| 12/31/2020 | $10.9M |
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%.