50 Dey Street
An industrial property in Jersey City, New Jersey. Securitized in 1 CMBS deal in 2022.
$75.5MAppraised value (latest deal)
100.0%Occupancy
$4.1MUnderwritten NOI
5.4%Implied cap rate
- Address
- 50 Dey Street, Jersey City, NJ 07306
- Property type
- Industrial · Flex
- Year built
- 1929
- Size
- 363,500 SF
- Sponsor
- Moishe Mana
- Loan purpose
- Refinance
- Largest tenant
- 215 Coles ML
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 | $75.5M | 100.0% | $4.1M | 5.4% | $27.4M | 36.3% | 2.40x | 424B |
Historical NOI reported in BBCMS 2022-C18
| Period ending | NOI |
|---|---|
| 8/31/2022 | $710K |
| 12/31/2021 | $1.1M |
| 12/31/2020 | $398K |
More CMBS properties in New Jersey →
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%.