601 Lexington Avenue
An office property in New York, New York. Securitized in 2 CMBS deals in 2022.
$1.70BAppraised value (latest deal)
96.3%Occupancy
$95.3MUnderwritten NOI
5.6%Implied cap rate
- Address
- 601 Lexington Avenue, New York, NY 10022
- Property type
- Office · CBD
- Year built
- 1977
- Size
- 1,675,659 SF
- Sponsor
- BP/CGCenter MM LLC
- Loan purpose
- Refinance
- Largest tenant
- Kirkland & Ellis
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| MSC 2022-L8 | 2022-04-07 | $1.70B | 96.3% | $95.3M | 5.6% | $41.2M | 42.5% | 4.50x | 424B |
| BANK 2022-BNK41 | 2022-05-05 | $1.70B | 96.3% | $95.3M | 5.6% | $65.6M | 42.5% | 4.50x | 424B |
Historical NOI reported in BANK 2022-BNK41
| Period ending | NOI |
|---|---|
| 9/30/2021 | $89.5M |
| 12/31/2020 | $88.9M |
| 12/31/2019 | $82.5M |
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%.