Other · New York, New York
214 West 17 Apartment Corp. A/k/a 214 West 17th Apartment Corp.
214 West 17 Apartment Corp. A/k/a 214 West 17th Apartment Corp. is financed with a $2.7M CMBS loan at 6.79% that reaches maturity on May 1, 2034, in 7 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $2,674,867
- Original balance (same notes)
- $2,700,000
- Interest rate
- 6.79% fixed
- Originated
- April 30, 2024
- Maturity
- May 1, 2034
- Payments
- Amortizing over 40 years
- Prepayment premium ends
- May 1, 2034
- Master servicer
- NCB
- Originator
- NATIONAL COOPERATIVE BANK N.A.
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 214 West 17th St, New York, NY 10011
- Metro
- New York-Newark-Jersey City, NY-NJ
- Units, rooms or beds
- 12
- Built
- 1900
- Value at securitization
- $30.4M (Feb 2024)
Performance
| At securitization | Latest (Sep 2021) | |
|---|---|---|
| DSCR (NOI) | 5.80x | 1.38x |
| Occupancy | 96% | 95% |
| Net operating income (annualized from 9 months) | $1.1M | $80K |
| Debt yield | 3.0% |
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 BANK 2024-BNK47 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- NOI down 20% 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
- Net operating income is 93% below the underwritten figure ($80K a year against $1.1M; the latest statement covers 9 months, annualized).
- Debt service coverage moved from 5.80x at securitization to 1.38x on the latest statements.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $2.7M | Late payment but less than 30 days delinquent | No | 1.38x | 95% |
| August 2026 | $2.7M | Current | No | 1.38x | 95% |
| June 2026 | $2.7M | Current | No | 1.38x | 95% |
| May 2026 | $2.7M | Current | No | 1.38x | 95% |
| April 2026 | $2.7M | Current | No | 1.38x | 95% |
| March 2026 | $2.7M | Current | No | 1.38x | 95% |
| February 2026 | $2.7M | Current | No | 1.38x | 95% |
| January 2026 | $2.7M | Current | No | 1.38x | 95% |
| December 2025 | $2.7M | Current | No | 1.38x | 95% |
| November 2025 | $2.7M | Current | No | 1.38x | 95% |
| October 2025 | $2.7M | Current | No | 1.38x | 95% |
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 |
|---|---|---|---|---|
| BANK 2024-BNK47 | 43 | $2,674,867 | Sep 2026 | SEC filing, September 29, 2026 |
Other New York-Newark-Jersey City loans due in 2034
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Newport Centre | Jersey City, NJ | Retail | $108.0M | 5.437% | Sep 2034 | 2.75x | 95% | Current |
| 680 Madison | New York, NY | Retail | $80.0M | 6.702% | Jun 2034 | 1.74x | 97% | Current |
| Newport Centre Mall | Jersey City, NJ | Retail | $80.0M | 5.437% | Sep 2034 | 2.73x | 94% | Current |
| Mercer Square Owners Corp. | New York, NY | Other | $43.0M | 6.03% | Aug 2034 | n/a | n/a | Current |
| 680 Madison Avenue | New York, NY | Retail | $40.0M | 6.702% | Jun 2034 | 1.74x | 97% | Current |
| 330 West 38th Street | New York, NY | Office | $37.5M | 6.06% | Nov 2034 | n/a | n/a | Current |
| SoHo Grand & Tribeca Grand Hotel | New York, NY | Hotel | $33.5M | 5.54% | Sep 2034 | n/a | n/a | Current |
| 57 Willoughby | Brooklyn, NY | Office | $30.6M | 7.092% | Aug 2034 | 1.99x | 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.