Rittenhouse Hill
A multifamily property in Philadelphia, Pennsylvania. Securitized in 1 CMBS deal in 2018.
$177.7MAppraised value (latest deal)
94.1%Occupancy
$9.1MUnderwritten NOI
5.1%Implied cap rate
- Address
- 633 West Rittenhouse Street, Philadelphia, PA 19144
- Property type
- Multifamily · High Rise
- Year built
- 1952
- Size
- 625 Units
- Sponsor
- Matthew Pestronk; Michael Pestronk
- Loan purpose
- Refinance
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| MSC 2018-H3 | 2018-07-12 | $177.7M | 94.1% | $9.1M | 5.1% | $50.0M | 63.6% | 424B |
Historical NOI reported in MSC 2018-H3
| Period ending | NOI |
|---|---|
| 4/30/2018 TTM | $8.9M |
| 12/31/2017 | $9.2M |
| 12/31/2016 | $8.9M |
More CMBS properties in Pennsylvania →
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%.