Mixed use · Brooklyn, New York
1401 Sheepshead Bay Road
1401 Sheepshead Bay Road is financed with a $8.2M CMBS loan at 5.867% that reaches maturity on March 1, 2031, in 4 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $8,200,000
- Original balance (same notes)
- $8,200,000
- Interest rate
- 5.867% fixed
- Originated
- February 13, 2026
- Maturity
- March 1, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- August 31, 2030
- Master servicer
- Midland
- Originator
- Bank of America, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1401 Sheepshead Bay Road, Brooklyn, NY 11235
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 23,455 sq ft
- Built
- 2008, renovated 2025
- Largest tenants
- Aronoff Law P.C.; Accident Lawyers of NY PLLC; Prestige Distribution Inc.
- Value at securitization
- $17.3M (Dec 2025)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 2.40x | n/a |
| Occupancy | 95% | n/a |
| Net operating income | $1.2M | n/a |
Watch flags
Computed from the BANK5 2026-5YR21 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Largest tenant's lease ends within 12 months
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 filing gives Oct 2026 as the lease end date for the largest tenant (Aronoff Law P.C.), before the loan matures. Lenders look hard at that rollover.
The last 6 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $8.2M | Current | No | n/a | n/a |
| August 2026 | $8.2M | Current | No | n/a | n/a |
| July 2026 | $8.2M | Current | No | n/a | n/a |
| June 2026 | $8.2M | Current | No | n/a | n/a |
| May 2026 | $8.2M | Current | No | n/a | n/a |
| April 2026 | $8.2M | Current | No | 2.41x | 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.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK5 2026-5YR21 | 26 | $8,200,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other New York-Newark-Jersey City loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 375 Pearl Street | New York, NY | Office | $220.0M | 3.368% | Jun 2031 | 2.15x | 100% | Current |
| Park Avenue Plaza | New York, NY | Office | $180.0M | 2.837% | Nov 2031 | 3.70x | 100% | Current |
| 535-545 Fifth Avenue | New York, NY | Mixed use | $179.6M | 7.06% | Jan 2031 | n/a | n/a | Current |
| 15 West 47th Street | New York, NY | Office | $141.0M | 3.51% | Jan 2031 | n/a | n/a | Current |
| 2 Washington Street | New York, NY | Multifamily | $131.5M | 3.45% | Aug 2031 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 535 & 545 5th Avenue | New York, NY | Mixed use | $129.7M | 7.06% | Jan 2031 | n/a | n/a | Current |
| 1 Willoughby Square | Brooklyn, NY | Office | $125.0M | 6.786% | Jan 2031 | 0.97x | 91% | Current |
| The Arches | Bronx, NY | Other | $120.0M | 5.436% | Feb 2031 | n/a | n/a | Current |
All loans maturing in 2031 · 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.