The Shops at Riverside
A retail property in Hackensack, New Jersey. Securitized in 1 CMBS deal in 2013.
$255.0MAppraised value (latest deal)
90.4%Occupancy
$13.5MUnderwritten NOI
5.3%Implied cap rate
- Address
- 390 Hackensack Avenue, Hackensack, NJ 07601
- Property type
- Retail · Regional Mall
- Year built
- 1977
- Size
- 473,549 SF
- Loan purpose
- Refinance
- Largest tenant
- Saks Fifth Avenue
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| JPMCC 2013-C10 | 2013-03-11 | $255.0M | 90.4% | $13.5M | 5.3% | $130.0M | 51.0% | 2.89x | 424B |
Historical NOI reported in JPMCC 2013-C10
| Period ending | NOI |
|---|---|
| 12/31/2011 | $12.8M |
| 12/31/2010 | $11.9M |
More CMBS properties in New Jersey →
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%.