Shore Front Parkway Apartments
A multifamily property in Queens, New York. Securitized in 1 CMBS deal in 2026.
$140.5MAppraised value (latest deal)
98.8%Occupancy
$8.7MUnderwritten NOI
6.2%Implied cap rate
- Address
- 106-20 Shore Front Parkway, 107-10 Shore Front Parkway and 1 Beach 105, Queens, NY 11694
- Property type
- Multifamily · High Rise
- Year built
- 1963, 1966
- Size
- 773 Units
- Sponsor
- Efstathios Valiotis
- Loan purpose
- Refinance
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 | $140.5M | 98.8% | $8.7M | 6.2% | $51.0M | 67.3% | 1.36x | 424B |
Historical NOI reported in BMO 2026-5C15
| Period ending | NOI |
|---|---|
| 3/31/2026 | $8.7M |
| 12/31/2025 | $8.3M |
| 12/31/2024 | $8.3M |
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%.