8 Times Square & 1460 Broadway
A mixed-use property in New York, New York. Securitized in 1 CMBS deal in 2016.
$360.0MAppraised value (latest deal)
100.0%Occupancy
$14.8MUnderwritten NOI
4.1%Implied cap rate
- Address
- 8 Times Square & 1460 Broadway, New York, NY 10036
- Property type
- Mixed Use · Office/Retail
- Year built
- 1952
- Size
- 178,221 SF
- Sponsor
- Swig Investment Company, LLC
- Loan purpose
- Refinance
- Largest tenant
- WeWork
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 | $360.0M | 100.0% | $14.8M | 4.1% | $100.0M | 55.6% | 1.71x | 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%.