70 Hudson Street
An office property in Jersey City, New Jersey. Securitized in 3 CMBS deals between 2022 and 2023.
$296.0MAppraised value (latest deal)
94.1%Occupancy
$16.0MUnderwritten NOI
5.4%Implied cap rate
- Address
- 70 Hudson Street, Jersey City, NJ 07302
- Property type
- Office · CBD
- Year built
- 2002
- Size
- 431,281 SF
- Sponsor
- NAP
- Loan purpose
- Acquisition
- Largest tenant
- TD Ameritrade
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BBCMS 2022-C16 | 2022-06-28 | $300.0M | 94.1% | $16.0M | 5.3% | $48.0M | 40.0% | 4.10x | 424B |
| BBCMS 2022-C18 | 2022-12-14 | $296.0M | 94.1% | $16.0M | 5.4% | $36.0M | 40.5% | 4.10x | 424B |
| BMO 2023-C4 | 2023-02-14 | $296.0M | 94.1% | $16.0M | 5.4% | $36.0M | 40.5% | 4.10x | 424B |
Historical NOI reported in BMO 2023-C4
| Period ending | NOI |
|---|---|
| 9/30/2022 | $15.4M |
| 12/31/2021 | $14.3M |
| 12/31/2020 | $6.8M |
More CMBS properties in New Jersey →
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%.