680 Madison Avenue
A retail property in New York, New York. Securitized in 1 CMBS deal in 2024.
$185.0MAppraised value (latest deal)
96.5%Occupancy
$15.1MUnderwritten NOI
8.2%Implied cap rate
- Address
- 680 Madison Avenue, New York, NY 10065
- Property type
- Retail · Anchored
- Year built
- 1951
- Size
- 34,298 SF
- Sponsor
- Steven Tananbaum
- Loan purpose
- Acquisition
- Largest tenant
- Tom Ford
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMO 2024-C9 | 2024-07-02 | $185.0M | 96.5% | $15.1M | 8.2% | $80.0M | 64.9% | 1.84x | 424B |
Historical NOI reported in BMO 2024-C9
| Period ending | NOI |
|---|---|
| 12/31/2023 | $13.8M |
| 12/31/2022 | $14.3M |
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%.