Bay Harbour
A retail property in Lawrence, New York. Securitized in 1 CMBS deal in 2025.
$96.9MAppraised value (latest deal)
98.9%Occupancy
$6.4MUnderwritten NOI
6.6%Implied cap rate
- Address
- 345 Rockaway Turnpike, Lawrence, NY 11559
- Property type
- Retail · Anchored
- Year built
- 1965
- Size
- 283,321 SF
- Sponsor
- Ben Ashkenazy
- Loan purpose
- Refinance
- Largest tenant
- Burlington Coat Factory
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMARK 2025-V15 | 2025-05-23 | $96.9M | 98.9% | $6.4M | 6.6% | $62.0M | 64.0% | 1.45x | 424B |
Historical NOI reported in BMARK 2025-V15
| Period ending | NOI |
|---|---|
| 12/31/2024 | $6.2M |
| 12/31/2023 | $6.0M |
| 12/31/2022 | $5.1M |
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%.