667 Madison Avenue
An office property in New York, New York. Securitized in 1 CMBS deal in 2016.
$740.0MAppraised value (latest deal)
81.8%Occupancy
$24.1MUnderwritten NOI
3.3%Implied cap rate
- Address
- 667 Madison Avenue, New York, NY 10065
- Property type
- Office · CBD
- Year built
- 1985
- Size
- 42,226 SF
- Sponsor
- Hartz Financial Corp.
- Loan purpose
- Refinance
- Largest tenant
- Loews
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| CD 2016-CD2 | 2016-12-08 | $740.0M | 81.8% | $24.1M | 3.3% | $40.0M | 24.7% | 3.88x | 424B |
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%.