Grace Building
An office property in New York, New York. Securitized in 1 CMBS deal in 2020.
$2.15BAppraised value (latest deal)
94.8%Occupancy
$104.3MUnderwritten NOI
4.9%Implied cap rate
- Address
- 1114 Avenue of the Americas, New York, NY 10036
- Property type
- Office · CBD
- Year built
- 1974
- Size
- 1,556,972 SF
- Sponsor
- Brookfield Office Properties Inc.
- Loan purpose
- Refinance
- Largest tenant
- Bank of America
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2020-BNK30 | 2020-12-22 | $2.15B | 94.8% | $104.3M | 4.9% | $60.0M | 41.1% | 424B |
Historical NOI reported in BANK 2020-BNK30
| Period ending | NOI |
|---|---|
| 9/30/2020 TTM | $46.3M |
| 12/31/2019 | $52.5M |
| 12/31/2018 | $73.2M |
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%.