575 Broadway
A mixed-use property in New York, New York. Securitized in 1 CMBS deal in 2023.
$215.0MAppraised value (latest deal)
88.1%Occupancy
$16.0MUnderwritten NOI
7.5%Implied cap rate
- Address
- 575 Broadway, New York, NY 10012
- Property type
- Mixed Use · Retail/Office
- Year built
- 1882
- Size
- 176,648 SF
- Sponsor
- Peter M. Brant
- Loan purpose
- Refinance
- Largest tenant
- Estee Lauder
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMO 2023-C4 | 2023-02-14 | $215.0M | 88.1% | $16.0M | 7.5% | $26.0M | 59.1% | 1.38x | 424B |
Historical NOI reported in BMO 2023-C4
| Period ending | NOI |
|---|---|
| 6/30/2022 | $23.7M |
| 12/31/2021 | $21.7M |
| 12/31/2020 | $19.4M |
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%.