Multifamily · Brooklyn, New York
105-107 Vanderveer Street & 96 De Sales Place
105-107 Vanderveer Street & 96 De Sales Place is financed with a $12.2M CMBS loan at 3.70% that reaches maturity on October 6, 2029, in 2 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is delinquent: 60-89 days delinquent.
The loan
- Balance in tracked trusts
- $12,200,000
- Original balance (same notes)
- $12,200,000
- Interest rate
- 3.70% fixed
- Originated
- September 25, 2019
- Maturity
- October 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- August 5, 2029
- Master servicer
- Trimont LLC
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- 60-89 days delinquent (code 2)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 105-107 Vanderveer Street and 96 De Sales Place, Brooklyn, NY 11207
- Metro
- New York-Newark-Jersey City, NY-NJ
- Units, rooms or beds
- 49
- Built
- 1903, renovated 2013
- Value at securitization
- $19.1M (Aug 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.91x | 2.67x |
| Occupancy | 100% | 96% |
| Net operating income (annualized from 3 months) | $872K | $1.2M |
| Debt yield | 10.0% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-GC43 filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 2026.
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in every report since July 2026.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Occupancy has fallen from 100% when the loan was securitized to 96%.
- Net operating income is 40% above the underwritten figure ($1.2M a year against $872K; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.91x at securitization to 2.67x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $12.2M | 60-89 days delinquent | No | 2.67x | 96% |
| August 2026 | $12.2M | 30-59 days delinquent | No | 2.67x | 96% |
| July 2026 | $12.2M | 30-59 days delinquent | No | 2.67x | 96% |
| June 2026 | $12.2M | Current | No | 2.52x | 100% |
| May 2026 | $12.2M | Current | No | 2.52x | 100% |
| April 2026 | $12.2M | Late payment but less than 30 days delinquent | No | 2.49x | 100% |
| March 2026 | $12.2M | Current | No | 2.49x | 100% |
| February 2026 | $12.2M | Current | No | 2.49x | 100% |
| January 2026 | $12.2M | Current | No | 2.49x | 100% |
| December 2025 | $12.2M | Current | No | 2.49x | 100% |
| November 2025 | $12.2M | Current | No | 2.46x | 100% |
| October 2025 | $12.2M | Current | No | 2.46x | 100% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-GC43 | 20 | $12,200,000 | Sep 2026 | SEC filing, September 25, 2026 |
Other New York-Newark-Jersey City loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 1633 Broadway | New York, NY | Office | $780.0M | 2.99% | Dec 2029 | 2.87x | 76% | Current |
| 650 Madison Avenue | New York, NY | Mixed use | $545.8M | 3.486% | Dec 2029 | 1.25x | 62% | Current |
| Queens Center | Elmhurst, NY | Retail | $510.0M | 5.37% | Nov 2029 | 1.94x | 93% | Current |
| 3 Columbus Circle | New York, NY | Mixed use | $490.0M | 3.914% | Mar 2029 | 2.80x | 90% | Current |
| 30 Hudson Yards | New York, NY | Office | $422.0M | 3.11% | Jul 2029 | n/a | n/a | Current |
| 55 Hudson Yards | New York, NY | Office | $371.7M | 2.95% | Dec 2029 | n/a | n/a | Current |
| Gateway Center North | Brooklyn, NY | Retail | $300.0M | 6.827% | Nov 2029 | n/a | n/a | Current |
| 640 5th Avenue | New York, NY | Mixed use | $288.6M | 6.129% | Jul 2029 | 2.35x | 90% | Current |
All loans maturing in 2029 · All New York-Newark-Jersey City loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.