620 Fifth Avenue
A mixed-use property in New York, New York. Securitized in 1 CMBS deal in 2024.
$225.0MAppraised value (latest deal)
99.2%Occupancy
$8.9MUnderwritten NOI
3.9%Implied cap rate
- Address
- 620 Fifth Avenue, New York, NY 10020
- Property type
- Mixed Use · Office/Retail
- Year built
- 1936
- Size
- 124,152 SF
- Sponsor
- Tishman Speyer Properties, L.P. and Henry Crown and Company S LLC
- Loan purpose
- Refinance
- Largest tenant
- NBC
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 | $225.0M | 99.2% | $8.9M | 3.9% | $1.5M | 32.3% | 3.17x | 424B |
Historical NOI reported in WFCM 2024-5C2
| Period ending | NOI |
|---|---|
| 7/31/2024 | $8.1M |
| 12/31/2023 | $7.6M |
| 12/31/2022 | $7.5M |
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%.