Olympic Tower
A mixed-use property in New York, New York. Securitized in 2 CMBS deals in 2017.
$1.90BAppraised value (latest deal)
98.8%Occupancy
$68.3MUnderwritten NOI
3.6%Implied cap rate
- Address
- 645, 647 & 651 Fifth Avenue and 10 East 52nd Street, New York, NY 10022
- Property type
- Mixed Use · Office/Retail
- Year built
- 1905, 1930, 1973
- Size
- 191,957 SF
- Sponsor
- OMERS Administration Corporation; Crown Olympic Partners LLC
- Loan purpose
- Refinance
- Largest tenant
- NBA Properties
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2017-BNK5 | 2017-06-29 | $1.90B | 98.8% | $68.3M | 3.6% | $56.0M | 32.2% | 424B | |
| DBJPM 2017-C6 | 2017-06-29 | $1.90B | 98.8% | $68.3M | 3.6% | $80.0M | 32.2% | 2.70x | 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%.