50 West 23rd Street
An office property in New York, New York. Securitized in 1 CMBS deal in 2026.
$208.0MAppraised value (latest deal)
97.3%Occupancy
$12.7MUnderwritten NOI
6.1%Implied cap rate
- Address
- 50 West 23rd Street, New York, NY 10010
- Property type
- Office · CBD
- Year built
- 1906
- Size
- 331,744 SF
- Sponsor
- Amish Patel, Jed Walentas and Walentas Trust 3
- Loan purpose
- Refinance
- Largest tenant
- NYC Department of Education
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| WFCM 2026-C66 | 2026-03-30 | $208.0M | 97.3% | $12.7M | 6.1% | $53.0M | 39.9% | 2.18x | 424B |
Historical NOI reported in WFCM 2026-C66
| Period ending | NOI |
|---|---|
| 9/30/2025 | $8.2M |
| 12/31/2024 | $9.4M |
| 12/31/2023 | $12.3M |
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%.