636 11th Avenue
An office property in New York, New York. Securitized in 1 CMBS deal in 2018.
$428.0MAppraised value (latest deal)
100.0%Occupancy
$24.7MUnderwritten NOI
5.8%Implied cap rate
- Address
- 636 11th Avenue, New York, NY 10036
- Property type
- Office · CBD
- Year built
- 1917
- Size
- 564,004 SF
- Sponsor
- Hakimian Organization
- Loan purpose
- Refinance
- Largest tenant
- The Ogilvy Group
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| MSC 2018-H3 | 2018-07-12 | $428.0M | 100.0% | $24.7M | 5.8% | $15.0M | 56.1% | 424B |
Historical NOI reported in MSC 2018-H3
| Period ending | NOI |
|---|---|
| 4/30/2018 TTM | $24.7M |
| 12/31/2017 | $25.1M |
| 12/31/2016 | $26.2M |
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%.