Mixed use · Brooklyn, New York
25 Jay Street
25 Jay Street is financed with a $18.5M CMBS loan at 3.95% that reaches maturity on February 6, 2030, in 3 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $18,500,000
- Original balance (same notes)
- $18,500,000
- Interest rate
- 3.95% fixed
- Originated
- January 29, 2020
- Maturity
- February 6, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ended
- April 5, 2022
- Prepayment premium ends
- December 5, 2029 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred October 14, 2021
- Workout strategy
- Bankruptcy
- Advancing
- The servicer has stopped advancing on this loan (non-recoverable)
- Defeasance
- Partly defeased
The property
- Address
- 25 Jay Street, Brooklyn, NY 11201
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 15,889 sq ft
- Units, rooms or beds
- 32
- Built
- 1920, renovated 2010
- Value at securitization
- $27.7M (Sep 2019)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.72x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $1.3M | n/a |
Watch flags
Computed from the Benchmark 2020-B17 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Servicer stopped advancing
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $18.5M | 90+ days delinquent | Yes | n/a | n/a |
| August 2026 | $18.5M | 90+ days delinquent | Yes | n/a | n/a |
| July 2026 | $18.5M | 90+ days delinquent | Yes | n/a | n/a |
| June 2026 | $18.5M | 90+ days delinquent | Yes | n/a | n/a |
| May 2026 | $18.5M | 90+ days delinquent | Yes | n/a | n/a |
| April 2026 | $18.5M | 90+ days delinquent | Yes | n/a | n/a |
| March 2026 | $18.5M | 90+ days delinquent | Yes | n/a | n/a |
| February 2026 | $18.5M | 90+ days delinquent | Yes | n/a | n/a |
| January 2026 | $18.5M | 90+ days delinquent | Yes | n/a | n/a |
| December 2025 | $18.5M | 90+ days delinquent | Yes | n/a | n/a |
| November 2025 | $18.5M | 90+ days delinquent | Yes | n/a | n/a |
| October 2025 | $18.5M | 90+ days delinquent | Yes | n/a | n/a |
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 October 14, 2021, still there.
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 |
|---|---|---|---|---|
| Benchmark 2020-B17 Mortgage Trust | 22 | $18,500,000 | Sep 2026 | SEC filing, September 28, 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.