Four Points Flushing
A mixed-use property in Queens, New York. Securitized in 1 CMBS deal in 2023.
$80.0MAppraised value (latest deal)
80.5%Occupancy
$6.7MUnderwritten NOI
8.3%Implied cap rate
- Address
- 33-68 Farrington Street, Queens, NY 11354
- Property type
- Mixed Use · Hospitality/Retail
- Year built
- 2021
- Size
- 210 Rooms
- Sponsor
- George Xu
- Loan purpose
- Refinance
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMO 2023-5C1 | 2023-08-16 | $80.0M | 80.5% | $6.7M | 8.3% | $40.1M | 50.1% | 1.96x | 424B |
Historical NOI reported in BMO 2023-5C1
| Period ending | NOI |
|---|---|
| 6/30/2023 | $6.8M |
| 12/31/2022 | $4.9M |
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%.