Soho Grand Hotel
A hotel property in New York, New York. Securitized in 3 CMBS deals between 2015 and 2025.
$327.0MAppraised value (latest deal)
91.6%Occupancy
$28.6MUnderwritten NOI
8.7%Implied cap rate
- Address
- 310 West Broadway, New York, NY 10013
- Property type
- Hotel · Full Service
- Year built
- 1996
- Size
- 347 Rooms
- Sponsor
- Hartz Mountain Industries
- Loan purpose
- Refinance
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| CSAIL 2015-C1 | 2015-03-20 | $287.0M | 84.3% | $17.2M | 6.0% | $81.2M | 57.8% | 2.25x | 424B |
| BANK 2024-BNK48 | 2024-10-01 | $327.0M | 90.4% | $27.0M | 8.2% | $64.4M | 40.1% | 3.32x | 424B |
| BANK 2025-BNK49 | 2025-03-17 | $327.0M | 91.6% | $28.6M | 8.7% | $21.6M | 40.1% | 3.49x | 424B |
Historical NOI reported in BANK 2025-BNK49
| Period ending | NOI |
|---|---|
| 11/30/2024 | $29.2M |
| 12/31/2023 | $27.2M |
| 12/31/2022 | $29.0M |
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%.