Gateway I & II
A mixed-use property in New York, New York. Securitized in 1 CMBS deal in 2017.
$77.0MAppraised value (latest deal)
95.5%Occupancy
$4.3MUnderwritten NOI
5.5%Implied cap rate
- Address
- 135 East 125th Street & 126 East 126th Street, New York, NY 10035
- Property type
- Mixed Use · Office/Retail
- Year built
- 2001, 2008
- Size
- 95,782 SF
- Loan purpose
- Refinance
- Largest tenant
- NYSARC
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| JPMDB 2017-C5 | 2017-03-31 | $77.0M | 95.5% | $4.3M | 5.5% | $55.0M | 71.4% | 1.20x | 424B |
Historical NOI reported in JPMDB 2017-C5
| Period ending | NOI |
|---|---|
| 12/31/2015 | $3.3M |
| 12/31/2014 | $3.6M |
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%.