Raymour & Flanigan Campus
An industrial property in Liverpool, New York. Securitized in 1 CMBS deal in 2021.
$149.0MAppraised value (latest deal)
100.0%Occupancy
$8.4MUnderwritten NOI
5.7%Implied cap rate
- Address
- 7230, 7248 & 7272 Morgan Road; 4545 & 4563 Morgan Place, Liverpool, NY 13090
- Property type
- Industrial · Warehouse Distribution
- Year built
- 1970
- Size
- 952,214 SF
- Sponsor
- Neil Goldberg and Seth Goldberg
- Loan purpose
- Refinance
- Largest tenant
- Raymours Furniture
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 | $149.0M | 100.0% | $8.4M | 5.7% | $30.0M | 58.4% | 3.03x | 424B |
Historical NOI reported in BANK 2021-BNK36
| Period ending | NOI |
|---|---|
| 6/30/2021 | $4.5M |
| 12/31/2020 | $4.5M |
| 12/31/2019 | $4.4M |
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%.