655 Third Avenue
An office property in New York, New York. Securitized in 1 CMBS deal in 2025.
$130.0MAppraised value (latest deal)
78.5%Occupancy
$8.7MUnderwritten NOI
6.7%Implied cap rate
- Address
- 655 Third Avenue, New York, NY 10017
- Property type
- Office · CBD
- Year built
- 1958
- Size
- 421,851 SF
- Sponsor
- The Durst Organization
- Loan purpose
- Refinance
- Largest tenant
- The New York State Urban Development
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMARK 2025-V15 | 2025-05-23 | $130.0M | 78.5% | $8.7M | 6.7% | $25.0M | 53.8% | 1.55x | 424B |
Historical NOI reported in BMARK 2025-V15
| Period ending | NOI |
|---|---|
| 12/31/2024 | $5.6M |
| 12/31/2023 | $3.2M |
| 12/31/2022 | $7.4M |
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%.