Hotel Mela Times Square
A hotel property in New York, New York. Securitized in 1 CMBS deal in 2017.
$81.0MAppraised value (latest deal)
94.2%Occupancy
$4.5MUnderwritten NOI
5.5%Implied cap rate
- Address
- 120 West 44th Street, New York, NY 10036
- Property type
- Hotel · Full Service
- Year built
- 1933
- Sponsor
- Joseph Moinian; David Adelipour; Jacob Orfali
- Loan purpose
- Refinance
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| CD 2017-CD6 | 2017-11-30 | $81.0M | 94.2% | $4.5M | 5.5% | $31.8M | 39.3% | 2.79x | 424B |
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%.