Crossgates Mall
A retail property in Albany, New York. Securitized in 2 CMBS deals between 2012 and 2026.
$285.0MAppraised value (latest deal)
89.1%Occupancy
$26.4MUnderwritten NOI
9.3%Implied cap rate
- Address
- 1 Crossgates Mall Road, Albany, NY 12203
- Property type
- Retail · Super Regional Mall
- Year built
- 1983
- Size
- 1,504,884 SF
- Sponsor
- Madeira Associates, Bruce A. Kenan, Andrew M. Von Deak, Joseph Stockwell, Gary L. Dower, B
- Loan purpose
- Refinance
- Largest tenant
- J.C. Penney
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| COMM 2012-CCRE2 | 2012-08-21 | $470.0M | 90.3% | $28.6M | 6.1% | $71.8M | 63.6% | 1.35x | 424B |
| BMO 2026-5C15 | 2026-06-16 | $285.0M | 89.1% | $26.4M | 9.3% | $25.0M | 36.8% | 2.68x | 424B |
Historical NOI reported in BMO 2026-5C15
| Period ending | NOI |
|---|---|
| 6/30/2025 | $24.8M |
| 12/31/2024 | $23.7M |
| 12/31/2023 | $24.3M |
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%.