Multifamily · Brooklyn, New York
12-18 Meserole Street
12-18 Meserole Street is financed with a $17.6M CMBS loan at 4.96% that reaches maturity on May 6, 2029, in 2 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $17,600,000
- Original balance (same notes)
- $17,600,000
- Interest rate
- 4.96% fixed
- Originated
- April 18, 2019
- Maturity
- May 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ended
- July 5, 2021
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred September 15, 2020, returned August 11, 2022
- Workout strategy
- Resolved
- Modified
- Yes, most recently June 6, 2022
- Defeasance
- None reported
The property
- Address
- 12-18 Meserole Street, Brooklyn, NY 11206
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 37,644 sq ft
- Units, rooms or beds
- 28
- Built
- 2005
- Value at securitization
- $27.9M (Mar 2019)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.41x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $1.2M | n/a |
Watch flags
Computed from the CSAIL 2019-C16 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Modified
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
- The most recent valuation in the filing is $24.9M (July 20, 2021), against $27.9M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $17.6M | Current | No | n/a | n/a |
| August 2026 | $17.6M | Current | No | n/a | n/a |
| July 2026 | $17.6M | Current | No | n/a | n/a |
| June 2026 | $17.6M | Current | No | n/a | n/a |
| May 2026 | $17.6M | Current | No | n/a | n/a |
| April 2026 | $17.6M | Current | No | n/a | n/a |
| March 2026 | $17.6M | Current | No | n/a | n/a |
| February 2026 | $17.6M | Current | No | n/a | n/a |
| January 2026 | $17.6M | Current | No | n/a | n/a |
| December 2025 | $17.6M | Current | No | n/a | n/a |
| November 2025 | $17.6M | Current | No | n/a | n/a |
| October 2025 | $17.6M | Current | No | n/a | n/a |
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 September 15, 2020, returned to the master servicer August 11, 2022.
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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| CSAIL 2019-C16 Commercial Mortgage Trust | 15 | $17,600,000 | Sep 2026 | SEC filing, September 28, 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 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.