Office · New York, New York
11 West 42nd Street
Public CMBS trusts hold $274.0M of the loan on 11 West 42nd Street at 7.44% that reaches maturity on July 6, 2028, in 20 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $274,000,000
- Original balance (same notes)
- $399,000,000
- Interest rate
- 7.44% fixed
- Originated
- n/a
- Maturity
- July 6, 2028
- Payments
- Amortizing
- Master servicer
- KeyBank Real Estate Capital
- Originator
- LMF, BMO
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 11 West 42nd Street, New York, NY 10036
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 960,568 sq ft
- Built
- 1927, renovated 2018
- Largest tenants
- Michael Kors (USA) Inc; First Citizens Bank & Trust Company; NYU
- Value at securitization
- $555.0M (Apr 2023)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.27x |
| Occupancy | 99% | 99% |
| Net operating income (annualized from 6 months) | n/a | $26.4M |
| Debt yield | 9.6% |
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 BANK5 2023-5YR4 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $274.0M | Current | No | 1.27x | 99% |
| August 2026 | $274.0M | Current | No | 1.67x | 99% |
| July 2026 | $274.0M | Late payment but less than 30 days delinquent | No | 1.67x | 99% |
| June 2026 | $274.0M | Current | No | 1.48x | 99% |
| May 2026 | $274.0M | Late payment but less than 30 days delinquent | No | 1.48x | 99% |
| April 2026 | $274.0M | Current | No | 1.48x | 99% |
| March 2026 | $274.0M | Current | No | 1.48x | 98% |
| February 2026 | $274.0M | Current | No | 1.48x | 98% |
| January 2026 | $274.0M | Current | No | 1.48x | 98% |
| December 2025 | $274.0M | Late payment but less than 30 days delinquent | No | 1.48x | 98% |
| November 2025 | $274.0M | Current | No | 1.48x | 98% |
| October 2025 | $274.0M | Late payment but less than 30 days delinquent | No | 1.63x | 98% |
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 17 notes held by different trusts. Each trust reports its own piece.
Other New York-Newark-Jersey City loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| One SoHo Square | New York, NY | Office | $469.0M | 2.725% | Aug 2028 | 1.78x | 85% | With the special servicer |
| Harborside 2-3 | Jersey City, NJ | Office | $225.0M | 5.84% | Apr 2028 | 2.29x | 76% | Current |
| 3 Park Avenue | New York, NY | Office | $182.0M | 4.75% | Dec 2028 | 0.61x | 47% | Current |
| Gateway Center South | Brooklyn, NY | Retail | $162.5M | 6.873% | Jun 2028 | 1.69x | 98% | Current |
| 685 Fifth Avenue Retail | New York, NY | Retail | $160.0M | 3.871% | Jul 2028 | 3.13x | 100% | With the special servicer |
| 1745 Broadway | New York, NY | Office | $144.0M | 3.768% | Jun 2028 | 2.52x | 88% | Current |
| 65 Broadway, New York (2028 maturity), loan 4Sb in CF 2019-CF1 Mortgage Trust | New York, NY | Office | $136.0M | 4.935% | Dec 2028 | n/a | n/a | Current |
| 636 11th Avenue, New York (2028 maturity), loan 7 in Benchmark 2018-B4 Mortgage Trust | New York, NY | Office | $115.0M | 4.073% | Jun 2028 | 2.84x | n/a | Current |
All loans maturing in 2028 · 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 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.