Mixed use · Red Bank, New Jersey
32-34 Broad Street
32-34 Broad Street is financed with a $4.8M CMBS loan at 4.50% that reaches maturity on August 1, 2029, in 2 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $4,834,838
- Original balance (same notes)
- $5,000,000
- Interest rate
- 4.50% fixed
- Originated
- July 19, 2019
- Maturity
- August 1, 2029
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ended
- August 31, 2021
- Prepayment premium ends
- June 30, 2029 (yield maintenance)
- Master servicer
- Wells Fargo Bank, NA
- Originator
- CIBC Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 32-34 Broad Street, Red Bank, NJ 07701
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 17,933 sq ft
- Built
- 1889, renovated 2005
- Largest tenants
- Brooks Brothers; BTIG LLC & Condor Trading LP; Ivy Asset Management formerly (Triple Crown Capita
- Value at securitization
- $7.7M (Jun 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.87x | 1.34x |
| Occupancy | 100% | 91% |
| Net operating income (annualized from 6 months) | $570K | $410K |
| Debt yield | 8.5% |
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 BBCMS Mortgage Trust 2019-C4 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
- Occupancy has fallen from 100% when the loan was securitized to 91%.
- Net operating income is 28% below the underwritten figure ($410K a year against $570K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.87x at securitization to 1.34x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.8M | Current | No | 1.34x | 91% |
| August 2026 | $4.8M | Current | No | 1.34x | 91% |
| July 2026 | $4.8M | Current | No | 1.39x | 100% |
| June 2026 | $4.9M | Current | No | 1.39x | 100% |
| May 2026 | $4.9M | Current | No | 1.39x | 100% |
| April 2026 | $4.9M | Current | No | 0.75x | 100% |
| March 2026 | $4.9M | Current | No | 0.47x | 100% |
| February 2026 | $4.9M | Current | No | 0.47x | 100% |
| January 2026 | $4.9M | Current | No | 0.33x | 100% |
| December 2025 | $4.9M | Current | No | 0.33x | 100% |
| November 2025 | $4.9M | Current | No | 0.48x | 100% |
| October 2025 | $4.9M | Current | No | 0.48x | 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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2019-C4 | 58 | $4,834,838 | Sep 2026 | SEC filing, September 29, 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 period ending September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.