Office · Washington, District of Columbia
1099 New York Avenue
Public CMBS trusts hold $57.0M of the loan on 1099 New York Avenue at 6.797% that reaches maturity on April 6, 2029, in 2 years and 5 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $57,000,000
- Original balance (same notes)
- $57,000,000
- Interest rate
- 6.797% fixed
- Originated
- March 22, 2024
- Maturity
- April 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- October 5, 2028
- Master servicer
- Midland Loan Services
- Originator
- Argentic Real Estate Finance 2 LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1099 New York Avenue Northwest, Washington, DC 20001
- Metro
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- Rentable area
- 179,585 sq ft
- Built
- 2008
- Largest tenants
- Jenner and Block LLP; Media links TV LLC; Securities Industry and Financial Markets Asso
- Value at securitization
- $95.9M (Feb 2024)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 2.01x | 0.78x |
| Occupancy | 91% | 93% |
| Net operating income | $7.9M | $3.1M |
| Debt yield | 5.4% |
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 BBCMS Mortgage Trust 2024-5C27 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
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
- Net operating income is 61% below the underwritten figure ($3.1M a year against $7.9M).
- Debt service coverage moved from 2.01x at securitization to 0.78x on the latest statements.
- At 0.78x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $57.0M | Current | No | 1.36x | 91% |
| August 2026 | $57.0M | Current | No | 1.36x | 91% |
| July 2026 | $57.0M | Current | No | 1.36x | 91% |
| June 2026 | $57.0M | Current | No | 0.78x | 93% |
| May 2026 | $57.0M | Current | No | 0.78x | 93% |
| April 2026 | $57.0M | Current | No | 0.78x | 93% |
| March 2026 | $57.0M | Current | No | 0.64x | 91% |
| February 2026 | $57.0M | Current | No | 0.64x | 91% |
| January 2026 | $57.0M | Current | No | 0.64x | 91% |
| December 2025 | $57.0M | Current | No | 1.64x | 91% |
| November 2025 | $57.0M | Current | No | 1.64x | 95% |
| October 2025 | $57.0M | Current | No | 1.64x | 95% |
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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2024-V7 Mortgage Trust | 8 | $42,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| BBCMS Mortgage Trust 2024-5C27 | 20 | $15,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Washington-Arlington-Alexandria loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Parklawn Building | Rockville, MD | Office | $261.6M | 3.398% | Nov 2029 | 2.79x | 73% | Current |
| 1812 North Moore | Arlington, VA | Office | $172.7M | 7.53% | May 2029 | 0.96x | 99% | Late, less than 30 days |
| Uline Arena | Washington, DC | Mixed use | $120.0M | 4.04% | Aug 2029 | 1.68x | 94% | Current |
| 425 Eye Street | Washington, DC | Office | $102.2M | 1.00% | Jan 2029 | 3.57x | 77% | Current |
| 2001 K Street | Washington, DC | Office | $95.0M | 7.388% | May 2029 | 1.43x | 97% | Current |
| Tysons Corner Center - Office Tower | McLean, VA | Office | $95.0M | 3.33% | Oct 2029 | n/a | n/a | Current |
| Potomac Tower | Arlington, VA | Office | $84.0M | 7.60% | Sep 2029 | 1.66x | 100% | Current |
| Powered Shell Portfolio - Manassas DC-18 | Manassas, VA | Industrial | $83.8M | 3.637% | Jul 2029 | n/a | n/a | Current |
All loans maturing in 2029 · All Washington-Arlington-Alexandria loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.