80 Park Plaza
An office property in Newark, New Jersey. Securitized in 1 CMBS deal in 2016.
$177.4MAppraised value (latest deal)
85.8%Occupancy
$12.5MUnderwritten NOI
7.1%Implied cap rate
- Address
- 80 Park Plaza, Newark, NJ 07102
- Property type
- Office · CBD
- Year built
- 1979
- Size
- 824,124 SF
- Sponsor
- Elchonon Schwartz; Simon Glick
- Loan purpose
- Acquisition
- Largest tenant
- PSEG
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 | $177.4M | 85.8% | $12.5M | 7.1% | $41.5M | 75.0% | 1.52x | 424B |
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%.