Cottage Cove Apartments
A multifamily property in Miami, Florida. Securitized in 1 CMBS deal in 2026.
$125.2MAppraised value (latest deal)
97.2%Occupancy
$7.3MUnderwritten NOI
5.8%Implied cap rate
- Address
- 12 Northeast 188th Street, Miami, FL 33179
- Property type
- Multifamily · Garden
- Year built
- 1969-1971
- Size
- 468 Units
- Sponsor
- Joseph Ehrman and Barry Schreiber
- Loan purpose
- Refinance
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 | $125.2M | 97.2% | $7.3M | 5.8% | $25.0M | 69.9% | 1.26x | 424B |
Historical NOI reported in BMO 2026-5C14
| Period ending | NOI |
|---|---|
| 11/30/2025 | $6.7M |
| 12/31/2024 | $6.3M |
More CMBS properties in Florida →
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%.