Bronx Terminal Market
A retail property in Bronx, New York. Securitized in 3 CMBS deals between 2014 and 2024.
$555.0MAppraised value (latest deal)
90.2%Occupancy
$28.6MUnderwritten NOI
5.2%Implied cap rate
- Address
- 610 Exterior Street, Bronx, NY 10451
- Property type
- Retail · Anchored
- Year built
- 2009
- Size
- 918,779 SF
- Sponsor
- The Related Companies, L.P.
- Loan purpose
- Refinance
- Largest tenant
- Target
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| COMM 2014-UBS3 | 2014-06-04 | $600.0M | 99.3% | $30.6M | 5.1% | $105.0M | 63.3% | 1.70x | 424B |
| BMO 2024-5C6 | 2024-09-12 | $555.0M | 90.2% | $28.6M | 5.2% | $55.0M | 43.2% | 2.18x | 424B |
| BBCMS 2024-5C29 | 2024-09-18 | $555.0M | 90.2% | $28.6M | 5.2% | $24.6M | 43.2% | 2.18x | 424B |
Historical NOI reported in BBCMS 2024-5C29
| Period ending | NOI |
|---|---|
| 3/31/2024 | $30.4M |
| 12/31/2023 | $30.8M |
| 12/31/2022 | $31.3M |
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%.