Retail · Brooklyn, New York
2146-2166 Nostrand Ave
2146-2166 Nostrand Ave is financed with a $15.0M CMBS loan at 3.31% that reaches maturity on January 1, 2030, in 3 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $15,000,000
- Original balance (same notes)
- $15,000,000
- Interest rate
- 3.31% fixed
- Originated
- December 13, 2019
- Maturity
- January 1, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- September 30, 2029
- Master servicer
- Midland
- Originator
- JPMorgan Chase Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 2146-2166 Nostrand Ave, Brooklyn, NY 11210
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 44,445 sq ft
- Built
- 1960, renovated 2014
- Largest tenants
- PureFitness LLC; Chipotle Mexican Grill of Colorado, LL; HF Management Services LLC
- Value at securitization
- $31.9M (Oct 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 3.79x | 2.77x |
| Occupancy | 100% | 58% |
| Net operating income (annualized from 6 months) | $1.9M | $2.8M |
| Debt yield | 18.8% |
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 Benchmark 2020-B16 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points 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
- Occupancy has fallen from 100% when the loan was securitized to 58%.
- Net operating income is 48% above the underwritten figure ($2.8M a year against $1.9M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 3.79x at securitization to 2.77x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $15.0M | Current | No | 2.77x | 58% |
| August 2026 | $15.0M | Current | No | n/a | n/a |
| July 2026 | $15.0M | Current | No | n/a | n/a |
| June 2026 | $15.0M | Current | No | n/a | n/a |
| May 2026 | $15.0M | Current | No | n/a | n/a |
| April 2026 | $15.0M | Current | No | 3.88x | 100% |
| March 2026 | $15.0M | Current | No | 4.43x | 100% |
| February 2026 | $15.0M | Current | No | 4.43x | 100% |
| January 2026 | $15.0M | Current | No | 4.43x | 100% |
| December 2025 | $15.0M | Current | No | 4.43x | 100% |
| November 2025 | $15.0M | Current | No | 4.43x | 100% |
| October 2025 | $15.0M | Current | No | 4.58x | 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 |
|---|---|---|---|---|
| Benchmark 2020-B16 Mortgage Trust | 20 | $15,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other New York-Newark-Jersey City loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 711 Fifth Avenue | New York, NY | Mixed use | $545.0M | 3.16% | Mar 2030 | 2.71x | 66% | Current |
| Kings Plaza | Brooklyn, NY | Retail | $487.0M | 3.359% | Jan 2030 | 2.38x | 91% | Current |
| Grace Building | New York, NY | Office | $450.0M | 2.692% | Dec 2030 | n/a | n/a | Current |
| 545 Washington Boulevard | Jersey City, NJ | Office | $251.6M | 3.405% | Feb 2030 | 2.00x | 91% | Current |
| 605 Third Avenue | New York, NY | Office | $231.0M | 1.938% | Dec 2030 | 4.66x | 83% | Current |
| The Spiral | New York, NY | Office | $200.0M | 5.50% | Jan 2030 | n/a | n/a | Current |
| 250 West 57th Street | New York, NY | Office | $180.0M | 2.829% | Dec 2030 | 4.41x | 85% | Current |
| Mall at Bay Plaza | The Bronx, NY | Retail | $170.0M | 6.715% | Nov 2030 | n/a | n/a | Current |
All loans maturing in 2030 · 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.