9 MetroTech Center
An office property in Brooklyn, New York. Securitized in 1 CMBS deal in 2012.
$113.4MAppraised value (latest deal)
100.0%Occupancy
$6.3MUnderwritten NOI
5.6%Implied cap rate
- Address
- 9 MetroTech Center, Brooklyn, NY 11201
- Property type
- Office · Urban
- Year built
- 1996
- Size
- 316,942 SF
- Sponsor
- Forest City Enterprises, Inc.
- Loan purpose
- Refinance
- Largest tenant
- The City of New York
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| MSC 2012-C4 | 2012-03-26 | $113.4M | 100.0% | $6.3M | 5.6% | $62.9M | 55.5% | 1.12x | 424B |
Historical NOI reported in MSC 2012-C4
| Period ending | NOI |
|---|---|
| 1/31/2012 | $7.9M |
| 1/31/2011 | $8.7M |
| 1/31/2010 | $8.3M |
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%.