Queens Center
A retail property in Elmhurst, New York. Securitized in 2 CMBS deals between 2024 and 2025.
$1.06BAppraised value (latest deal)
95.4%Occupancy
$53.6MUnderwritten NOI
5.1%Implied cap rate
- Address
- 90-15 Queens Boulevard, Elmhurst, NY 11373
- Property type
- Retail · Super Regional Mall
- Year built
- 1973
- Size
- 412,033 SF
- Sponsor
- The Macerich Partnership, L.P.
- Loan purpose
- Refinance
- Largest tenant
- Primark
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| WFCM 2024-5C2 | 2024-11-19 | $1.06B | 95.4% | $53.6M | 5.1% | $30.0M | 49.5% | 1.84x | 424B |
| BMO 2025-5C9 | 2025-03-20 | $1.06B | 95.4% | $53.6M | 5.1% | $31.5M | 49.5% | 1.84x | 424B |
Historical NOI reported in BMO 2025-5C9
| Period ending | NOI |
|---|---|
| 9/30/2024 | $49.7M |
| 12/31/2023 | $52.5M |
| 12/31/2022 | $55.5M |
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%.