500 Fifth Avenue
An office property in New York, New York. Securitized in 1 CMBS deal in 2015.
$600.0MAppraised value (latest deal)
92.3%Occupancy
$27.4MUnderwritten NOI
4.6%Implied cap rate
- Address
- 500 Fifth Avenue, New York, NY 10110
- Property type
- Office · CBD
- Year built
- 1931
- Size
- 712,791 SF
- Sponsor
- 500 Holdings, Inc.
- Loan purpose
- Refinance
- Largest tenant
- Zara USA
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| CSAIL 2015-C1 | 2015-03-20 | $600.0M | 92.3% | $27.4M | 4.6% | $100.0M | 33.3% | 3.37x | 424B |
Historical NOI reported in CSAIL 2015-C1
| Period ending | NOI |
|---|---|
| T12 07/31/2014 | $18.8M |
| 2013 | $19.5M |
| 2012 | $21.0M |
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%.