Seneca One
A mixed-use property in Buffalo, New York. Securitized in 1 CMBS deal in 2026.
$168.0MAppraised value (latest deal)
59.7%Occupancy
$11.5MUnderwritten NOI
6.8%Implied cap rate
- Address
- 1 Seneca Street, 3 Seneca Street, 222 Main Street and 177 Washington S, Buffalo, NY 14210
- Property type
- Mixed Use · Multifamily/Office/Retail
- Year built
- 1972
- Size
- 915,577 SF
- Sponsor
- Douglas Development Corporation
- Loan purpose
- Refinance
- Largest tenant
- M&T Bank
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 | $168.0M | 59.7% | $11.5M | 6.8% | $20.0M | 42.3% | 2.24x | 424B |
Historical NOI reported in BMO 2026-5C15
| Period ending | NOI |
|---|---|
| 11/30/2025 | $11.0M |
| 12/31/2024 | $9.1M |
| 12/31/2023 | $7.1M |
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%.