525 Seventh Avenue
An office property in New York, New York. Securitized in 1 CMBS deal in 2016.
$390.0MAppraised value (latest deal)
95.5%Occupancy
$18.7MUnderwritten NOI
4.8%Implied cap rate
- Address
- 525 Seventh Avenue, New York, NY 10018
- Property type
- Office · CBD
- Year built
- 1925
- Size
- 505,273 SF
- Sponsor
- Samuel W. Rosenblatt; MSGT LLC
- Loan purpose
- Refinance
- Largest tenant
- Jones Apparel Group
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| MSC 2016-UBS9 | 2016-03-09 | $390.0M | 95.5% | $18.7M | 4.8% | $62.0M | 45.1% | 1.70x | 424B |
Historical NOI reported in MSC 2016-UBS9
| Period ending | NOI |
|---|---|
| 12/31/2015 TTM | $15.6M |
| 12/31/2014 | $14.3M |
| 12/31/2013 | $14.9M |
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%.