Retail · Brooklyn, New York
1875-1925 Nostrand Avenue
1875-1925 Nostrand Avenue is financed with a $20.2M CMBS loan at 5.02% that reaches maturity on February 6, 2027, in 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $20,218,378
- Original balance (same notes)
- $21,750,000
- Interest rate
- 5.02% fixed
- Originated
- February 2, 2017
- Maturity
- February 6, 2027
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- November 5, 2026
- Master servicer
- Trimont LLC
- Originator
- Citigroup Global Markets Realty Corp.
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred June 15, 2023, returned August 22, 2024
- Workout strategy
- Resolved
- Defeasance
- None reported
The property
- Address
- 1875-1925 Nostrand Avenue, Brooklyn, NY 11226
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 34,332 sq ft
- Built
- 1951
- Largest tenants
- KEY FOOD; Mango Nostrand Farm Market; Fox Beauty Supply
- Value at securitization
- $35.6M (Dec 2016)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.56x | 1.13x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $1.7M | $1.6M |
| Debt yield | 7.9% |
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 CITIGROUP COMMERCIAL MORTGAGE TRUST 2017-P7 filing for the reporting period ending September 10, 2026, filed with the SEC September 30, 2026.
- Coverage down 0.25x or more from securitization
- Matures within 12 months
- 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 7% below the underwritten figure ($1.6M a year against $1.7M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.56x at securitization to 1.13x on the latest statements.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $20.2M | Current | No | 1.13x | 100% |
| August 2026 | $20.2M | Current | No | 1.13x | 100% |
| July 2026 | $20.3M | Current | No | 0.99x | 100% |
| June 2026 | $20.3M | Current | No | 0.99x | 100% |
| May 2026 | $20.3M | Current | No | 0.99x | 100% |
| April 2026 | $20.4M | Current | No | 1.44x | 100% |
| March 2026 | $20.4M | Current | No | 1.44x | 100% |
| February 2026 | $20.4M | Current | No | 1.44x | 100% |
| January 2026 | $20.5M | Current | No | 1.45x | 100% |
| November 2025 | $20.5M | Current | No | 1.45x | 100% |
| October 2025 | $20.6M | Current | No | 1.47x | 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.
Special-servicing history
- Transferred to the special servicer June 15, 2023, returned to the master servicer August 22, 2024.
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 |
|---|---|---|---|---|
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2017-P7 | 20 | $20,218,378 | Sep 2026 | SEC filing, September 30, 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 10, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.