Prospect Place Apartments
A multifamily property in Brooklyn, New York. Securitized in 1 CMBS deal in 2026.
$125.5MAppraised value (latest deal)
99.6%Occupancy
$7.8MUnderwritten NOI
6.2%Implied cap rate
- Address
- 545 Prospect Place, 565 Prospect Place, 500 Saint Marks Avenue, 480 Sa, Brooklyn, NY 11238
- Property type
- Multifamily · High Rise
- Year built
- 1930
- Size
- 465 Units
- Sponsor
- Efstathios Valiotis
- Loan purpose
- Refinance
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMO 2026-5C15 | 2026-06-16 | $125.5M | 99.6% | $7.8M | 6.2% | $29.6M | 66.1% | 1.42x | 424B |
Historical NOI reported in BMO 2026-5C15
| Period ending | NOI |
|---|---|
| 12/31/2025 | $7.9M |
| 12/31/2024 | $7.1M |
| 12/31/2023 | $7.5M |
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%.