Courtyard Midtown East
A hotel property in New York, New York. Securitized in 1 CMBS deal in 2015.
$148.0MAppraised value (latest deal)
91.2%Occupancy
$11.1MUnderwritten NOI
7.5%Implied cap rate
- Address
- 866 Third Avenue, New York, NY 10022
- Property type
- Hotel · Select Service
- Year built
- 1966
- Size
- 317 Rooms
- Sponsor
- DiamondRock Hospitality Limited Partnership
- Loan purpose
- Refinance
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| CSAIL 2015-C1 | 2015-03-20 | $148.0M | 91.2% | $11.1M | 7.5% | $86.0M | 58.1% | 1.82x | 424B |
Historical NOI reported in CSAIL 2015-C1
| Period ending | NOI |
|---|---|
| T12 11/30/2014 | $11.1M |
| 2013 | $8.6M |
| 2012 | $9.6M |
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%.