Herald Center
A mixed-use property in New York, New York. Securitized in 1 CMBS deal in 2025.
$460.0MAppraised value (latest deal)
97.9%Occupancy
$27.2MUnderwritten NOI
5.9%Implied cap rate
- Address
- 1293-1311 Broadway, New York, NY 10001
- Property type
- Mixed Use · Retail / Office
- Year built
- 1902
- Size
- 267,207 SF
- Sponsor
- J.E.M.B. Realty Corp.
- Loan purpose
- Refinance
- Largest tenant
- Yeshiva University
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMO 2025-5C9 | 2025-03-20 | $460.0M | 97.9% | $27.2M | 5.9% | $60.0M | 34.6% | 3.10x | 424B |
Historical NOI reported in BMO 2025-5C9
| Period ending | NOI |
|---|---|
| 8/31/2024 | $19.3M |
| 12/31/2023 | $18.2M |
| 12/31/2022 | $27.0M |
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%.