Assets
Office · Plaza District

9 West 57th Street

9 West 57th Street, Plaza District · Built 1974 · 50 floors
Partial
Current value
$3.10B
▲ 1.6% 1-yr (modeled)
Cap rate
3.90%
▼ 20 bps vs 4.10% submarket
NOI · derived
$120.9M
Value $/SF
$1,845
$2.49B$2.66B$2.83B$3.00B$3.17B201920202021202220232024Modeled trajectory — no observed history
sourcedmodeled0 of 6 sourced

Ownership & debt

Ownership graph

Asset → owner → parent → beneficial owner · every edge sourced

Ownership transparency

Recorded chain
Recorded owners
Soloviev Group (Solow Building Company)
Fee simple
Ultimate beneficial owner — as recorded
Soloviev Group
Beneficial interest
Stefan Soloviev (Soloviev family)
Beneficial interest
Methodology

Debt

Bank of America (lead), with Wells Fargo and Citi Real Estate Funding
CMBS · 4.97% · matures 2031
$1.80B
LTV
58.06%
Debt yield
6.72%
Securitized debt — SEC loan tape
No SEC ABS-EE loan-level filing is matched to this asset. Public loan tapes exist only for SEC-registered CMBS — most large-asset debt is 144A-private, balance-sheet or agency financed and files none.

Financials

Modeled from sourced NOI, debt & rent inputs
DSCR
1.35×
Current cash-on-cash
2.42%

Tenants & leasing

estimated
Occupancy
99.0%
WALT (area-wtd)
13.5 yrs
Top-3 concentration
75%
Apollo Global ManagementChanelLoews CorporationQatar Investment AuthorityCoatue ManagementStandard Industries
Per-tenant lease detail arrives with disclosed stacking plans.
Top 6 of ~14 tenants shown. Occupancy / WALT / concentration are whole-building estimated figures.

Underwriting

Assumptions — user inputs, not sourced data: 5-year hold · exit cap +25 bps vs today · 3.0% NOI growth per year.
Assumptions — user inputs, not sourced data
Hold period
Exit cap vs today
+25 bps
NOI growth / yr
3.0%
Unlevered IRR
5.8%
Levered IRR
7.0%
Equity multiple
1.38×
Exit cap
4.15%
Exit value
$3.38B
Exit NOI
$140.2M
Levered IRR sensitivity — exit cap Δ × NOI growth
Exit Δ2.0%2.5%3.0%3.5%4.0%
-25 bps10.0%11.1%12.2%13.2%14.3%
0 bps7.3%8.4%9.5%10.6%11.7%
+25 bps4.6%5.8%7.0%8.1%9.2%
+50 bps2.0%3.3%4.5%5.6%6.8%
+75 bps-0.6%0.7%2.0%3.2%4.5%
Modeled output — not investment advice. Derived from the assumptions above, not sourced claims.

Provenance footnotes

  1. Current value: Estimated — no sourced claim on file.
  2. Cap rate: Estimated — no sourced claim on file.
  3. NOI: Estimated — no sourced claim on file.
  4. $/SF: Estimated — no sourced claim on file.
  5. GLA: Estimated — no sourced claim on file.
  6. Ownership — Soloviev Group (Solow Building Company): Single source — en.wikipedia.org · https://en.wikipedia.org/wiki/Solow_Building
  7. Debt — Bank of America (lead), with Wells Fargo and Citi Real Estate Funding: Single source — commercialobserver.com · https://commercialobserver.com/2026/05/soloviev-groups-9-west-57th-street-cmbs-bank-of-america/
  8. Tenant — Apollo Global Management: Single source — 9w57.com · https://9w57.com/
  9. Tenant — Chanel: Single source — 9w57.com · https://9w57.com/
  10. Tenant — Loews Corporation: Single source — 9w57.com · https://9w57.com/
  11. Tenant — Qatar Investment Authority: Single source — prnewswire.com · https://www.prnewswire.com/news-releases/soloviev-group-signs-three-major-200-plus-leases-at-9-west-57th-street-302424831.html
  12. Tenant — Coatue Management: Single source — 9w57.com · https://9w57.com/
  13. Tenant — Standard Industries: Single source — 9w57.com · https://9w57.com/

Modeled figures — LTV, debt yield, DSCR, cash-on-cash, occupancy, WALT, tenant concentration and every underwriting output are derived arithmetic, not sourced claims. Underwriting outputs follow the assumptions printed in the panel — user-editable inputs, not observations. Not investment advice.

Anchoring begins when the asset enters the live ledger.