Multifamily · New York, New York
224 Avenue B
224 Avenue B, New York, NY · Google Maps
224 Avenue B is financed with a $17.0M CMBS loan at 6.11% that reaches maturity on July 6, 2036, in 9 years and 8 months. As of the Nov 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $17,000,000
- Original balance (same notes)
- $17,000,000
- Interest rate
- 6.11% fixed
- Originated
- July 2, 2026
- Maturity
- July 6, 2036
- Payments
- Interest only for the full term
- Prepayment lockout ends
- January 5, 2036
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 224 Avenue B, New York, NY 10009
- Metro
- New York-Newark-Jersey City, NY-NJ
- Units, rooms or beds
- 25
- Built
- 1905, renovated 2025
- Value at securitization
- $27.7M (Apr 2026)
Performance
| Measure | At securitization | Latest |
|---|---|---|
| DSCR (NOI) | 1.72x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $1.8M | n/a |
Comparable loans: multifamily properties in New York-Newark-Jersey City, NY-NJ, with NOI, occupancy and value.
Watch flags
Computed from the Benchmark 2026-B44 Mortgage Trust filing for the reporting period ending November 12, 2026, filed with the SEC November 3, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
Operating statement
| Annual | At securitization | Latest | Per unit |
|---|---|---|---|
| Revenue | $2.2M | n/a | |
| Operating expenses | $385K | n/a | |
| Net operating income | $1.8M | n/a | |
| Net cash flow | $1.8M | n/a | |
| Expense ratio | 17.5% | n/a |
From the servicer's Schedule AL report; 25 units; renovated 2025.
Refinance and early payoff, at today's rates
This estimate uses today's Treasury curve and needs JavaScript.
Rough estimates, not quotes. New loan: the filed NOI divided by the coverage you set, at the Treasury yield for the term plus your spread. Early payoff: the present value of the remaining scheduled payments to the open date at today's Treasury yields, less the balance, which is roughly what defeasance or yield maintenance costs. Loan documents, fees and the securities bought change the real number. Treasury yields: U.S. Treasury daily par curve.
Where the loan sits
One trust holds this loan in the data.
| Trust | Asset no. in that trust | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2026-B44 Mortgage Trust | 14 | $17,000,000 | Nov 2026 | SEC filing, November 3, 2026 |
Other New York-Newark-Jersey City loans due in 2036
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| One Dag | New York, NY | Office | $175.0M | 6.761% | Jun 2036 | 1.35x | 70% | Current |
| 215 Park Ave South | New York, NY | Office | $108.0M | 6.055% | Mar 2036 | n/a | n/a | Current |
| 1600 Broadway | New York, NY | Retail | $98.0M | 3.451% | May 2036 | 2.60x | 100% | Current |
| 50 West 23rd Street | New York, NY | Mixed use | $83.0M | 6.46% | Feb 2036 | 1.50x | 97% | Current |
| 10 Union Square East | New York, NY | Retail | $53.5M | 5.59% | Apr 2036 | 2.01x | 88% | Current |
| Downtown 33 | Monsey, NY | Office | $45.8M | 7.306% | May 2036 | n/a | n/a | Current |
| 360 East 72nd Street Co-Op | New York, NY | Multifamily | $42.0M | 5.134% | Apr 2036 | n/a | n/a | Current |
| The Ritz Tower | New York, NY | Other | $38.0M | 6.09% | Aug 2036 | n/a | n/a | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending November 12, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.