Office · New York, New York
1140 Avenue of the Americas
Public CMBS trusts hold $54.0M of the loan on 1140 Avenue of the Americas at 4.109% that reached maturity on July 6, 2026, 3 months ago. As of the Sep 2026 servicer report, the latest filed for this loan, its status is past maturity and not performing.
The loan
- Balance in tracked trusts
- $54,000,000
- Original balance (same notes)
- $54,000,000
- Interest rate
- 4.109% fixed
- Originated
- June 15, 2016
- Maturity
- July 6, 2026
- Payments
- Interest only for the full term
- Prepayment lockout ended
- July 6, 2018
- Master servicer
- Trimont LLC
- Originator
- LCF
Status
- Payment status
- Non performing matured balloon. (code 5)
- Special servicing
- Transferred March 20, 2025
- Workout strategy
- Foreclosure
- Advancing
- The servicer has stopped advancing on this loan (non-recoverable)
- Defeasance
- Partly defeased
The property
- Address
- 1140 Avenue of the Americas, New York, NY 10036
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 247,183 sq ft
- Built
- 1926, renovated 2015
- Largest tenants
- City National Bank; 1140 Office Suites LLC; Edgewood Partners Insurance Center
- Value at securitization
- $180.0M (May 2016)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 2.31x | -0.90x |
| Occupancy | 91% | 74% |
| Net operating income | $9.5M | $-3.4M |
| Debt yield | -6.3% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the JPMCC Commercial Mortgage Securities Trust 2016-JP4 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- Past maturity
- Servicer stopped advancing
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Occupancy has fallen from 91% when the loan was securitized to 74%.
- Net operating income is 136% below the underwritten figure ($-3.4M a year against $9.5M).
- Debt service coverage moved from 2.31x at securitization to -0.90x on the latest statements.
- At -0.90x, the property's reported NOI does not cover its debt service.
- The most recent valuation in the filing is $15.5M (July 8, 2026), against $180.0M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $54.0M | Non performing matured balloon | Yes | -0.90x | 74% |
| August 2026 | $54.0M | Non performing matured balloon | Yes | -0.90x | 74% |
| July 2026 | $54.0M | Non performing matured balloon | Yes | -0.90x | 74% |
| June 2026 | $54.0M | 90+ days delinquent | Yes | -0.90x | 74% |
| May 2026 | $54.0M | 90+ days delinquent | Yes | -0.90x | 74% |
| April 2026 | $54.0M | 90+ days delinquent | Yes | -0.90x | 74% |
| March 2026 | $54.0M | 90+ days delinquent | Yes | 0.40x | 75% |
| February 2026 | $54.0M | 90+ days delinquent | Yes | 0.40x | 75% |
| January 2026 | $54.0M | 90+ days delinquent | Yes | 0.40x | 75% |
| December 2025 | $54.0M | 90+ days delinquent | Yes | 0.40x | 75% |
| November 2025 | $54.0M | 90+ days delinquent | Yes | 0.40x | 75% |
| October 2025 | $54.0M | 90+ days delinquent | Yes | 0.40x | 75% |
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.
Special-servicing history
- Transferred to the special servicer March 20, 2025, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2016-C37 | 6 | $30,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| JPMCC Commercial Mortgage Securities Trust 2016-JP4 | 14 | $24,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other New York-Newark-Jersey City loans due in 2026
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Novo Nordisk HQ | Plainsboro, NJ | Office | $210.7M | 2.838% | Nov 2026 | 4.18x | 78% | Current |
| 681 Fifth Avenue | New York, NY | Mixed use | $135.0M | 4.127% | Nov 2026 | 0.16x | 66% | With the special servicer and 90+ days delinquent |
| The Essex | New York, NY | Mixed use | $117.0M | 2.759% | Nov 2026 | n/a | n/a | Current |
| 8 Times Square & 1460 Broadway | New York, NY | Mixed use | $100.0M | 4.05% | Nov 2026 | 2.01x | 100% | With the special servicer |
| 85 Tenth Avenue | New York, NY | Mixed use | $100.0M | 3.821% | Dec 2026 | 1.91x | 89% | With the special servicer |
| 55 Prospect Street, Brooklyn (2026 maturity) | Brooklyn, NY | Office | $72.9M | 4.05% | Sep 2026 | n/a | n/a | With the special servicer |
| 101 Ludlow | New York, NY | Mixed use | $71.0M | 4.412% | Nov 2026 | 1.81x | 100% | Current |
| 20 Times Square, New York (2026 maturity), loan 1 in CSAIL 2018-CX12 Commercial Mortgage Trust | New York, NY | Other | $64.7M | 3.108% | May 2026 | 4.15x | n/a | With the special servicer |
All loans maturing in 2026 · 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.