Other · New York, New York
32 Old Slip - Leased Fee
Public CMBS trusts hold $167.0M of the loan on 32 Old Slip - Leased Fee at 5.65% that reaches maturity on May 6, 2035, in 8 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $167,000,000
- Original balance (same notes)
- $167,000,000
- Interest rate
- 5.65% fixed
- Originated
- May 5, 2025
- Maturity
- May 6, 2035
- Payments
- Interest only for the full term
- Prepayment lockout ends
- November 5, 2034
- Master servicer
- Trimont LLC
- Originator
- Goldman Sachs Bank USA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 32 Old Slip, New York, NY 10005
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 42,176 sq ft
- Value at securitization
- $225.0M (Mar 2025)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.10x | 1.01x |
| Occupancy | n/a | 100% |
| Net operating income (annualized from 3 months) | $10.5M | $9.7M |
| Debt yield | 5.8% |
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 Wells Fargo Commercial Mortgage Trust 2025-C65 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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.
What the filing shows
- Net operating income is 7% below the underwritten figure ($9.7M a year against $10.5M; the latest statement covers 3 months, annualized).
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $167.0M | Late payment but less than 30 days delinquent | No | 1.01x | 100% |
| August 2026 | $167.0M | Late payment but less than 30 days delinquent | No | 1.01x | 100% |
| July 2026 | $167.0M | Current | No | 1.01x | 100% |
| June 2026 | $167.0M | Late payment but less than 30 days delinquent | No | 0.97x | 100% |
| May 2026 | $167.0M | Late payment but less than 30 days delinquent | No | 0.97x | 100% |
| April 2026 | $167.0M | Current | No | 0.97x | 100% |
| March 2026 | $167.0M | Current | No | 0.97x | 100% |
| February 2026 | $167.0M | Current | No | 0.91x | 100% |
| January 2026 | $167.0M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| December 2025 | $167.0M | 90+ days delinquent | No | n/a | n/a |
| November 2025 | $167.0M | 60-89 days delinquent | No | n/a | n/a |
| October 2025 | $167.0M | 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.
Where the loan sits
The loan is split into 6 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BMO 2025-C12 Mortgage Trust | 2 | $40,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| Morgan Stanley Bank of America Merrill Lynch Trust 2025-C35 | 5 | $36,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BBCMS Mortgage Trust 2025-C35 | 7 | $36,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BMO 2025-C12 Mortgage Trust | 2A | $24,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| Benchmark 2025-B41 Mortgage Trust | 10 | $21,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| Wells Fargo Commercial Mortgage Trust 2025-C65 | 19 | $10,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other New York-Newark-Jersey City loans due in 2035
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Rentar Plaza | Queens, NY | Mixed use | $160.0M | 5.581% | Jul 2035 | 2.21x | 99% | Current |
| 255 Greenwich | New York, NY | Office | $147.0M | 6.405% | Dec 2035 | n/a | n/a | Current |
| Uovo Qpn | New York, NY | Self storage | $143.0M | 6.485% | Feb 2035 | n/a | n/a | Current |
| 29-33 9th Ave (Soho House) | New York, NY | Mixed use | $135.0M | 6.44% | Feb 2035 | n/a | n/a | Current |
| 512 West 22nd Street | New York, NY | Office | $130.0M | 6.641% | Sep 2035 | 1.57x | 100% | Current |
| 525 7th Avenue | New York, NY | Office | $125.0M | 6.28% | Nov 2035 | n/a | n/a | Current |
| 4 Union Square South | New York, NY | Retail | $120.0M | 5.642% | Sep 2035 | n/a | n/a | Current |
| UOVO Evergreen | Brooklyn, NY | Self storage | $105.0M | 5.896% | Oct 2035 | 1.65x | 92% | Current |
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.