Netherland Gardens Corp. f/k/a Netherland Tenants Corp.
A multifamily property in Riverdale, New York. Securitized in 1 CMBS deal in 2021.
$92.0MAppraised value (latest deal)
96.2%Occupancy
$6.4MUnderwritten NOI
6.9%Implied cap rate
- Address
- 5610, 5614, 5615, 5620, 5621, 5635, 5639, 5640, 5644, 5645 and 5650 Ne, Riverdale, NY 10471
- Property type
- Multifamily · Cooperative
- Year built
- 1949
- Size
- 460 Units
- Sponsor
- NAP
- Loan purpose
- Refinance
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2021-BNK36 | 2021-10-07 | $92.0M | 96.2% | $6.4M | 6.9% | $16.4M | 17.9% | 7.40x | 424B |
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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%.