600 Fifth Avenue
A mixed-use property in New York, New York. Securitized in 1 CMBS deal in 2024.
$240.0MAppraised value (latest deal)
90.0%Occupancy
$14.6MUnderwritten NOI
6.1%Implied cap rate
- Address
- 600 Fifth Avenue, New York, NY 10020
- Property type
- Mixed Use · Office/Retail
- Year built
- 1952
- Size
- 436,788 SF
- Sponsor
- Tishman Speyer Properties, L.P. and Henry Crown and Company S LLC
- Loan purpose
- Refinance
- Largest tenant
- Lazard Group
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| WFCM 2024-5C2 | 2024-11-19 | $240.0M | 90.0% | $14.6M | 6.1% | $1.6M | 32.3% | 3.17x | 424B |
Historical NOI reported in WFCM 2024-5C2
| Period ending | NOI |
|---|---|
| 7/31/2024 | $22.0M |
| 12/31/2023 | $16.6M |
| 12/31/2022 | $13.8M |
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%.