Sentral Wynwood
A multifamily property in Miami, Florida. Securitized in 1 CMBS deal in 2024.
$101.2MAppraised value (latest deal)
71.2%Occupancy
$4.8MUnderwritten NOI
4.7%Implied cap rate
- Address
- 51 Northwest 26th Street, Miami, FL 33127
- Property type
- Multifamily · Mid Rise
- Year built
- 2020
- Size
- 175 Units
- Sponsor
- ICONIQ Residential Partners GP, LP
- Loan purpose
- Refinance
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 | $101.2M | 71.2% | $4.8M | 4.7% | $3.2M | 36.1% | 2.43x | 424B |
Historical NOI reported in WFCM 2024-5C2
| Period ending | NOI |
|---|---|
| 8/31/2024 | $4.8M |
| 12/31/2023 | $4.7M |
| 12/31/2022 | $4.2M |
More CMBS properties in Florida →
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%.