Armory Owners, Inc.
A multifamily property in New York, New York. Securitized in 1 CMBS deal in 2017.
$164.3MAppraised value (latest deal)
95.0%Occupancy
$3.4MUnderwritten NOI
2.1%Implied cap rate
- Address
- 529 West 42nd Street, New York, NY 10036
- Property type
- Multifamily · Cooperative
- Year built
- 1912
- Size
- 156 Units
- Sponsor
- N/A
- Loan purpose
- Refinance
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2017-BNK5 | 2017-06-29 | $164.3M | 95.0% | $3.4M | 2.1% | $13.9M | 8.5% | 3.85x | 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%.