Park West Village
A multifamily property in New York, New York. Securitized in 2 CMBS deals between 2022 and 2023.
$575.0MAppraised value (latest deal)
94.7%Occupancy
$23.0MUnderwritten NOI
4.0%Implied cap rate
- Address
- 784, 788 and 792 Columbus Avenue, New York, NY 10025
- Property type
- Multifamily · High Rise
- Year built
- 1950, 1958, 1963
- Size
- 850 Units
- Sponsor
- Meyer Chetrit and Amended and Restated 2013 LG Revocable Trust
- Loan purpose
- Refinance
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BBCMS 2022-C18 | 2022-12-14 | $575.0M | 94.7% | $23.0M | 4.0% | $7.5M | 32.6% | 2.60x | 424B |
| BMO 2023-C4 | 2023-02-14 | $575.0M | 94.7% | $23.0M | 4.0% | $26.0M | 32.6% | 2.60x | 424B |
Historical NOI reported in BMO 2023-C4
| Period ending | NOI |
|---|---|
| 5/31/2022 | $15.5M |
| 12/31/2021 | $13.4M |
| 12/31/2020 | $14.6M |
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%.