605 Third Avenue
An office property in New York, New York. Securitized in 2 CMBS deals between 2020 and 2021.
$685.0MAppraised value (latest deal)
97.2%Occupancy
$32.1MUnderwritten NOI
4.7%Implied cap rate
- Address
- 605 Third Avenue, New York, NY 10158
- Property type
- Office · CBD
- Year built
- 1965
- Size
- 1,027,736 SF
- Sponsor
- RP 605 Acquisition; FB 605 Equity LLC, FB 605 Corp.; Hadwin LLC
- Loan purpose
- Refinance
- Largest tenant
- Univision Communications
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2020-BNK30 | 2020-12-22 | $685.0M | 97.2% | $32.1M | 4.7% | $80.0M | 33.7% | 424B | |
| BANK 2021-BNK32 | 2021-03-24 | $685.0M | 97.2% | $32.1M | 4.7% | $71.0M | 33.7% | 424B |
Historical NOI reported in BANK 2021-BNK32
| Period ending | NOI |
|---|---|
| 9/30/2020 TTM | $23.9M |
| 12/31/2019 | $8.0M |
| 12/31/2018 | $10.8M |
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%.