Lincoln Triangle
A retail property in New York, New York. Securitized in 1 CMBS deal in 2018.
$125.0MAppraised value (latest deal)
100.0%Occupancy
$5.3MUnderwritten NOI
4.2%Implied cap rate
- Address
- 1972 and 1976 Broadway, New York, NY 10023
- Property type
- Retail · Urban Retail
- Year built
- 1995
- Size
- 76,411 SF
- Sponsor
- Millennium Partners
- Loan purpose
- Refinance
- Largest tenant
- Century 21
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| MSC 2018-L1 | 2018-10-23 | $125.0M | 100.0% | $5.3M | 4.2% | $4.5M | 32.3% | 424B |
Historical NOI reported in MSC 2018-L1
| Period ending | NOI |
|---|---|
| 12/31/2017 | $5.4M |
| 12/31/2016 | $5.5M |
| 12/31/2015 | $5.2M |
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%.