Worldwide Plaza
An office property in New York, New York. Securitized in 1 CMBS deal in 2018.
$1.74BAppraised value (latest deal)
98.4%Occupancy
$87.3MUnderwritten NOI
5.0%Implied cap rate
- Address
- 825 Eighth Avenue, New York, NY 10019
- Property type
- Office · CBD
- Year built
- 1987
- Size
- 819,906 SF
- Sponsor
- SLGOP and RXR Fund III
- Loan purpose
- Refinance
- Largest tenant
- Nomura Holding America
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMARK 2018-B1 | 2018-01-31 | $1.74B | 98.4% | $87.3M | 5.0% | $50.0M | 35.4% | 3.77x | 424B |
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%.