Uovo Art Storage
A self storage property in Long Island City, New York. Securitized in 1 CMBS deal in 2017.
$165.0MAppraised value (latest deal)
83.9%Occupancy
$8.5MUnderwritten NOI
5.1%Implied cap rate
- Address
- 41-54 22nd Street & 21-15 21st Street, Long Island City, NY 11101
- Property type
- Self Storage · Art Storage
- Year built
- 2014-2015
- Size
- 275,000 SF
- Loan purpose
- Refinance
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| JPMDB 2017-C5 | 2017-03-31 | $165.0M | 83.9% | $8.5M | 5.1% | $36.9M | 52.6% | 1.55x | 424B |
Historical NOI reported in JPMDB 2017-C5
| Period ending | NOI |
|---|---|
| 12/31/2015 | $892K |
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%.