Multifamily · Brooklyn, New York
340 Clifton Place
340 Clifton Place is financed with a $10.0M CMBS loan at 4.19% that reaches maturity on February 6, 2032, in 5 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $10,000,000
- Original balance (same notes)
- $10,000,000
- Interest rate
- 4.19% fixed
- Originated
- January 14, 2022
- Maturity
- February 6, 2032
- Payments
- Interest only for the full term
- Prepayment lockout ends
- November 5, 2031
- Master servicer
- Midland Loan Services
- Originator
- Barclays Capital Real Estate Inc.
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 340 Clifton Place, Brooklyn, NY 11216
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 11,678 sq ft
- Units, rooms or beds
- 15
- Built
- 1931, renovated 2020
- Value at securitization
- $15.0M (Nov 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.79x | 1.40x |
| Occupancy | 93% | 93% |
| Net operating income | $759K | $596K |
| Debt yield | 6.0% |
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 2022-C14 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
- Net operating income is 21% below the underwritten figure ($596K a year against $759K).
- Debt service coverage moved from 1.79x at securitization to 1.40x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $10.0M | Late payment but less than 30 days delinquent | No | 1.40x | 93% |
| August 2026 | $10.0M | Current | No | 1.60x | n/a |
| July 2026 | $10.0M | Current | No | 1.60x | n/a |
| June 2026 | $10.0M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| May 2026 | $10.0M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| April 2026 | $10.0M | Late payment but less than 30 days delinquent | No | 1.66x | 93% |
| March 2026 | $10.0M | 60-89 days delinquent | No | 1.66x | 93% |
| February 2026 | $10.0M | 30-59 days delinquent | No | 1.66x | 93% |
| January 2026 | $10.0M | Late payment but less than 30 days delinquent | No | 1.56x | 100% |
| December 2025 | $10.0M | Current | No | 1.56x | 100% |
| November 2025 | $10.0M | Late payment but less than 30 days delinquent | No | 1.39x | 100% |
| October 2025 | $10.0M | Late payment but less than 30 days delinquent | No | 1.39x | 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 2022-C14 | 27 | $10,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other New York-Newark-Jersey City loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 601 Lexington Avenue | New York, NY | Office | $573.3M | 2.792% | Jan 2032 | n/a | n/a | Current |
| 79 Fifth Avenue | New York, NY | Office | $240.0M | 4.92% | May 2032 | 0.93x | 99% | Current |
| Bell Works | Holmdel, NJ | Office | $210.0M | 5.11% | May 2032 | n/a | n/a | Current |
| 333 River Street | Hoboken, NJ | Multifamily | $125.0M | 2.315% | Jan 2032 | 7.49x | 98% | Current |
| 2 Riverfront Plaza | Newark, NJ | Office | $110.0M | 4.26% | Jan 2032 | 2.40x | 100% | Current |
| Rose Castle Apartments | Brooklyn, NY | Multifamily | $105.0M | 4.045% | Mar 2032 | 1.84x | 100% | Current |
| 330 West 34th Street Leased Fee | New York, NY | Mixed use | $100.0M | 4.55% | Sep 2032 | n/a | n/a | Current |
| 469 7th Avenue | New York, NY | Mixed use | $98.0M | 6.03% | Sep 2032 | 1.86x | 100% | 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.