711 Fifth Avenue
A mixed-use property in New York, New York. Securitized in 1 CMBS deal in 2020.
$1.00BAppraised value (latest deal)
76.5%Occupancy
$51.3MUnderwritten NOI
5.1%Implied cap rate
- Address
- 711 Fifth Avenue, New York, NY 10022
- Property type
- Mixed Use · Office/Retail
- Year built
- 1927
- Size
- 340,024 SF
- Sponsor
- Bayerische Versorgungskammer; Deutsche Finance America LLC; DF Deutsche Finance Holding AG
- Loan purpose
- Refinance
- Largest tenant
- SunTrust Banks
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2020-BNK30 | 2020-12-22 | $1.00B | 76.5% | $51.3M | 5.1% | $15.0M | 54.5% | 424B |
Historical NOI reported in BANK 2020-BNK30
| Period ending | NOI |
|---|---|
| 3/31/2020 TTM | $47.3M |
| 12/31/2019 | $48.6M |
| 12/31/2018 | $44.1M |
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%.