Office · Brooklyn, New York
250 Livingston Street
Public CMBS trusts hold $125.0M of the loan on 250 Livingston Street at 3.63% that reaches maturity on June 6, 2029, in 2 years and 7 months. As of the Sep 2026 and Oct 2026 servicer reports its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $125,000,000
- Original balance (same notes)
- $125,000,000
- Interest rate
- 3.63% fixed
- Originated
- May 31, 2019
- Maturity
- June 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- March 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred December 8, 2025
- Workout strategy
- Other
- Advancing
- The servicer has stopped advancing on this loan (non-recoverable)
- Defeasance
- None reported
The property
- Address
- 250 Livingston Street, Brooklyn, NY 11201
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 370,305 sq ft
- Built
- 1910, renovated 2013
- Largest tenants
- CITY OF NEW YORK, DCAS FL.8; Residential; METRO FINEST
- Value at securitization
- $210.0M (Apr 2019)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 2.55x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $11.7M | n/a |
Watch flags
Computed from the GS Mortgage Securities Trust 2019-GC40 filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 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 (November 2025 to October 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.
What the filing shows
- The most recent valuation in the filing is $49.3M (May 28, 2026), against $210.0M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $75.0M | 90+ days delinquent | Yes | n/a | n/a |
| September 2026 | $125.0M | 90+ days delinquent | Yes | n/a | n/a |
| August 2026 | $125.0M | 90+ days delinquent | Yes | n/a | n/a |
| July 2026 | $125.0M | 90+ days delinquent | Yes | n/a | n/a |
| June 2026 | $125.0M | 90+ days delinquent | Yes | n/a | n/a |
| May 2026 | $125.0M | 90+ days delinquent | Yes | n/a | n/a |
| April 2026 | $125.0M | 90+ days delinquent | Yes | 2.55x | n/a |
| March 2026 | $125.0M | 90+ days delinquent | Yes | 2.55x | n/a |
| February 2026 | $125.0M | 90+ days delinquent | Yes | 2.55x | n/a |
| January 2026 | $125.0M | 90+ days delinquent | Yes | n/a | n/a |
| December 2025 | $125.0M | 60-89 days delinquent | No | n/a | n/a |
| November 2025 | $125.0M | 30-59 days delinquent | No | 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 December 8, 2025, 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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| GS Mortgage Securities Trust 2019-GC40 | 2 | $75,000,000 | Oct 2026 | SEC filing, October 22, 2026 |
| BENCHMARK 2019-B12 MORTGAGE TRUST | 9 | $50,000,000 | Sep 2026 | SEC filing, September 30, 2026 |
Other New York-Newark-Jersey City loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 1633 Broadway | New York, NY | Office | $780.0M | 2.99% | Dec 2029 | 2.87x | 76% | Current |
| 650 Madison Avenue | New York, NY | Mixed use | $545.8M | 3.486% | Dec 2029 | 1.25x | 62% | Current |
| Queens Center | Elmhurst, NY | Retail | $510.0M | 5.37% | Nov 2029 | 1.94x | 93% | Current |
| 3 Columbus Circle | New York, NY | Mixed use | $490.0M | 3.914% | Mar 2029 | 2.80x | 90% | Current |
| 30 Hudson Yards | New York, NY | Office | $422.0M | 3.11% | Jul 2029 | n/a | n/a | Current |
| 55 Hudson Yards | New York, NY | Office | $371.7M | 2.95% | Dec 2029 | n/a | n/a | Current |
| Gateway Center North | Brooklyn, NY | Retail | $300.0M | 6.827% | Nov 2029 | n/a | n/a | Current |
| 640 5th Avenue | New York, NY | Mixed use | $288.6M | 6.129% | Jul 2029 | 2.35x | 90% | Current |
All loans maturing in 2029 · All New York-Newark-Jersey City loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting periods ending September 11, 2026, October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.