Mixed use · Brooklyn, New York
173 Court Street
173 Court Street is financed with a $5.5M CMBS loan at 4.55% that reaches maturity on December 6, 2027, in 13 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,500,000
- Original balance (same notes)
- $5,500,000
- Interest rate
- 4.55% fixed
- Originated
- November 8, 2017
- Maturity
- December 6, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ends
- September 5, 2027
- Master servicer
- Trimont LLC
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 173 Court Street, Brooklyn, NY 11201
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 5,234 sq ft
- Built
- 1910, renovated 2017
- Largest tenants
- BONOBOS
- Value at securitization
- $8.8M (Oct 2017)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.68x | 1.45x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 3 months) | $426K | $369K |
| Debt yield | 6.7% |
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 Morgan Stanley Capital I Trust 2017-HR2 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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
- Net operating income is 14% below the underwritten figure ($369K a year against $426K; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.68x at securitization to 1.45x on the latest statements.
- The filing gives May 2027 as the lease end date for the largest tenant (BONOBOS), 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 | $5.5M | Current | No | 1.45x | 100% |
| August 2026 | $5.5M | Current | No | 1.45x | 100% |
| July 2026 | $5.5M | Current | No | 1.36x | 100% |
| June 2026 | $5.5M | Current | No | 1.36x | 100% |
| May 2026 | $5.5M | Current | No | 1.36x | 100% |
| April 2026 | $5.5M | Current | No | 1.36x | 100% |
| March 2026 | $5.5M | Current | No | 1.36x | 100% |
| February 2026 | $5.5M | Current | No | 1.36x | 100% |
| January 2026 | $5.5M | Current | No | 1.36x | 100% |
| December 2025 | $5.5M | Current | No | 1.36x | 100% |
| November 2025 | $5.5M | Current | No | 1.36x | 100% |
| October 2025 | $5.5M | Current | No | 1.33x | 100% |
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 |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2017-HR2 | 40 | $5,500,000 | Sep 2026 | SEC filing, October 2, 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 September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.