Bay Plaza Community Center
A mixed-use property in Bronx, New York. Securitized in 1 CMBS deal in 2024.
$470.0MAppraised value (latest deal)
89.7%Occupancy
$28.1MUnderwritten NOI
6.0%Implied cap rate
- Address
- 2100 Bartow Avenue, Bronx, NY 10475
- Property type
- Mixed Use · Retail/Office
- Year built
- 1988, 2013
- Size
- 568,813 SF
- Sponsor
- Prestige Properties & Development
- Loan purpose
- Refinance
- Largest tenant
- Stop & Shop
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| WFCM 2024-5C2 | 2024-11-19 | $470.0M | 89.7% | $28.1M | 6.0% | $69.0M | 59.6% | 1.54x | 424B |
Historical NOI reported in WFCM 2024-5C2
| Period ending | NOI |
|---|---|
| 6/30/2024 | $23.5M |
| 12/31/2023 | $23.0M |
| 12/31/2022 | $22.1M |
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%.