Office · New York, New York
1384 Broadway
1384 Broadway is financed with a $88.0M CMBS loan at 4.84% that reaches maturity on January 6, 2027, in 2 months. As of the Oct 2026 servicer report its status is with the special servicer.
The loan
- Balance in tracked trusts
- $88,000,000
- Original balance (same notes)
- $88,000,000
- Interest rate
- 4.84% fixed
- Originated
- December 22, 2016
- Maturity
- January 6, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ended
- March 5, 2019
- Prepayment premium ends
- October 5, 2026
- Master servicer
- Midland
- Originator
- CGMRC
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred December 8, 2025
- Workout strategy
- DPO
- Defeasance
- None reported
The property
- Address
- 1384 Broadway, New York, NY 10018
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 220,063 sq ft
- Built
- 1928, renovated 2016
- Largest tenants
- RADIOSURGERY AMERICA P; JAYA APPAREL GROUP LLC; FULL CIRCLE ACTIVEVVEAR
- Value at securitization
- $160.0M (Dec 2016)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.59x | 0.97x |
| Occupancy | 86% | 78% |
| Net operating income (annualized from 6 months) | $6.9M | $8.4M |
| 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 CD 2017-CD3 Mortgage Trust filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 2026.
- With the special servicer
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Matures within 12 months
On the cmbs.news watch list in every report since January 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 86% when the loan was securitized to 78%.
- Net operating income is 23% above the underwritten figure ($8.4M a year against $6.9M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.59x at securitization to 0.97x on the latest statements.
- At 0.97x, 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 |
|---|---|---|---|---|---|
| October 2026 | $88.0M | Current | Yes | 0.97x | 78% |
| September 2026 | $88.0M | Current | Yes | 0.90x | 78% |
| August 2026 | $88.0M | Current | Yes | 0.90x | 81% |
| July 2026 | $88.0M | Payment not received but still in grace period or not yet due | Yes | 0.90x | 81% |
| June 2026 | $88.0M | Current | Yes | n/a | n/a |
| May 2026 | $88.0M | Current | Yes | n/a | n/a |
| April 2026 | $88.0M | Current | Yes | 1.08x | 83% |
| March 2026 | $88.0M | Current | Yes | 1.08x | 83% |
| February 2026 | $88.0M | Current | Yes | 1.08x | 80% |
| January 2026 | $88.0M | Payment not received but still in grace period or not yet due | Yes | 1.08x | 80% |
| December 2025 | $88.0M | Current | No | 1.13x | 80% |
| November 2025 | $88.0M | Current | No | 1.13x | 81% |
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 December 8, 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| CD 2017-CD3 Mortgage Trust | 2 | $88,000,000 | Oct 2026 | SEC filing, October 22, 2026 |
Other New York-Newark-Jersey City loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| General Motors Building | New York, NY | Mixed use | $726.3M | 3.43% | Jun 2027 | 2.58x | 99% | Current |
| 245 Park Avenue | New York, NY | Office | $700.0M | 3.669% | Jun 2027 | 2.08x | 97% | Current |
| Yorkshire Towers | New York, NY | Multifamily | $318.0M | 3.04% | Jun 2027 | n/a | n/a | Current |
| Olympic Tower | New York, NY | Mixed use | $280.0M | 3.954% | May 2027 | n/a | n/a | Current |
| 85 Broad Street | New York, NY | Office | $241.0M | 3.693% | Jun 2027 | 2.28x | 62% | With the special servicer |
| 225 & 233 Park Avenue South | New York, NY | Office | $235.0M | 3.651% | Jun 2027 | -0.14x | 29% | Current |
| Worldwide Plaza | New York, NY | Office | $235.0M | 3.605% | Nov 2027 | 1.49x | 62% | With the special servicer and 90+ days delinquent |
| 237 Park Avenue | New York, NY | Office | $215.4M | 3.752% | Aug 2027 | 3.71x | 89% | Current |
All loans maturing in 2027 · 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 October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.