City Square White Plains
A mixed-use property in White Plains, New York. Securitized in 1 CMBS deal in 2026.
$235.5MAppraised value (latest deal)
90.9%Occupancy
$14.4MUnderwritten NOI
6.1%Implied cap rate
- Address
- 1 & 11 Martine Avenue, 34 South Lexington Avenue and 50 Main Street, White Plains, NY 10606
- Property type
- Mixed Use · Multifamily/Office
- Year built
- 1985-1987
- Size
- 621,070 SF
- Sponsor
- Martin Ginsburg 2000 Trust Agreement #1 Dated April 1, 2000
- Loan purpose
- Refinance
- Largest tenant
- Westchester County Department of Health
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMO 2026-5C14 | 2026-03-10 | $235.5M | 90.9% | $14.4M | 6.1% | $5.0M | 59.9% | 1.33x | 424B |
Historical NOI reported in BMO 2026-5C14
| Period ending | NOI |
|---|---|
| 8/31/2025 | $9.9M |
| 12/31/2024 | $12.3M |
| 12/31/2023 | $11.8M |
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%.