Tribeca Grand Hotel
A hotel property in New York, New York. Securitized in 1 CMBS deal in 2015.
$102.0MAppraised value (latest deal)
82.9%Occupancy
$6.4MUnderwritten NOI
6.3%Implied cap rate
- Address
- 2 Avenue of the Americas, New York, NY 10013
- Property type
- Hotel · Full Service
- Year built
- 2000
- Size
- 201 Rooms
- Sponsor
- Hartz Financial Corp., Hartz Financial II Corp., Hartz Mountain Industries-NJ, L.L.C.
- 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 | $102.0M | 82.9% | $6.4M | 6.3% | $28.8M | 57.8% | 2.25x | 424B |
Historical NOI reported in CSAIL 2015-C1
| Period ending | NOI |
|---|---|
| T12 11/30/2014 | $6.8M |
| 2013 | $6.4M |
| 2012 | $6.0M |
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%.