Mixed use · Brooklyn, New York
1290 Fulton Street
1290 Fulton Street is financed with a $6.5M CMBS loan at 5.47% that reaches maturity on April 6, 2033, in 6 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
- $6,450,000
- Original balance (same notes)
- $6,450,000
- Interest rate
- 5.47% fixed
- Originated
- March 10, 2023
- Maturity
- April 6, 2033
- Payments
- Interest only for the full term
- Prepayment lockout ends
- November 5, 2032
- Master servicer
- KeyBank Real Estate Capital
- Originator
- SMC
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1290 Fulton Street, Brooklyn, NY 11216
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 10,449 sq ft
- Built
- 1910, renovated 1989
- Largest tenants
- Buka Derm Management; YK Power Inc; Payomatic
- Value at securitization
- $10.3M (Jan 2023)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.52x |
| Occupancy | 100% | 73% |
| Net operating income | n/a | $543K |
| Debt yield | 8.4% |
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 2023-C19 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Occupancy down 10 points 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
- Occupancy has fallen from 100% when the loan was securitized to 73%.
- The filing gives Oct 2032 as the lease end date for the largest tenant (Buka Derm Management), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.5M | Not reported | No | 1.52x | 73% |
| August 2026 | $6.5M | Not reported | No | 1.52x | 73% |
| July 2026 | $6.5M | Not reported | No | 1.52x | 73% |
| June 2026 | $6.5M | Not reported | No | 1.52x | 73% |
| May 2026 | $6.5M | Late payment but less than 30 days delinquent | No | 1.52x | 73% |
| April 2026 | $6.5M | Not reported | No | 1.38x | 73% |
| March 2026 | $6.5M | Not reported | No | 1.38x | 73% |
| February 2026 | $6.5M | Not reported | No | 1.38x | 73% |
| January 2026 | $6.5M | Late payment but less than 30 days delinquent | No | 1.38x | 73% |
| December 2025 | $6.5M | Not reported | No | 1.38x | 73% |
| November 2025 | $6.5M | Not reported | No | 1.38x | 73% |
| October 2025 | $6.5M | Not reported | No | 1.01x | 73% |
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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2023-C19 | 30 | $6,450,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other New York-Newark-Jersey City loans due in 2033
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 60 Hudson | New York, NY | Other | $280.0M | 5.885% | Oct 2033 | 3.69x | 64% | Current |
| 100 Jefferson Road | Parsippany, NJ | Industrial | $67.5M | 7.26% | Apr 2033 | 1.57x | 100% | Current |
| 2 Executive | Fort Lee, NJ | Mixed use | $54.5M | 6.219% | Apr 2033 | n/a | 93% | With the special servicer and 90+ days delinquent |
| Cross Island Plaza | Rosedale, NY | Office | $42.5M | 6.605% | May 2033 | n/a | n/a | With the special servicer |
| 2136/2138 Honeywell Avenue a/k/a 901/903 E 181st St | Bronx, NY | Multifamily | $36.0M | 7.25% | Dec 2033 | n/a | n/a | Current |
| 100 Jefferson | Parsippany, NJ | Industrial | $30.0M | 7.26% | Apr 2033 | n/a | n/a | Current |
| 500 Mamaroneck | Harrison, NY | Office | $29.5M | 6.83% | Apr 2033 | 0.74x | 100% | Current |
| 175 E 62nd Street | New York, NY | Multifamily | $25.0M | 2.295% | Sep 2033 | 5.22x | 100% | Current |
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.