Mixed use · New York, New York
350 West Broadway
350 West Broadway is financed with a $13.4M CMBS loan at 3.721% that reaches maturity on December 1, 2030, in 4 years and 1 month. 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
- $13,411,649
- Original balance (same notes)
- $15,000,000
- Interest rate
- 3.721% fixed
- Originated
- November 24, 2020
- Maturity
- December 1, 2030
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- July 31, 2030
- Master servicer
- Midland
- Originator
- JPMorgan Chase Bank, National Association
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred April 15, 2026
- Workout strategy
- REO
- Defeasance
- None reported
The property
- Address
- 350 West Broadway, New York, NY 10013
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 14,000 sq ft
- Built
- 1910, renovated 2008
- Largest tenants
- BUTTER UP GROUP LLC,
- Value at securitization
- $24.0M (Aug 2020)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.52x | -0.85x |
| Occupancy | 100% | 23% |
| Net operating income | $1.3M | $-706K |
| Debt yield | -5.3% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the Benchmark 2020-B22 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Occupancy has fallen from 100% when the loan was securitized to 23%.
- Net operating income is 156% below the underwritten figure ($-706K a year against $1.3M).
- Debt service coverage moved from 1.52x at securitization to -0.85x on the latest statements.
- At -0.85x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $13.4M | 90+ days delinquent | Yes | -0.85x | 23% |
| August 2026 | $13.4M | 60-89 days delinquent | Yes | -0.85x | 23% |
| July 2026 | $13.4M | 30-59 days delinquent | Yes | -0.85x | 23% |
| June 2026 | $13.5M | 60-89 days delinquent | Yes | -0.85x | 23% |
| May 2026 | $13.5M | 30-59 days delinquent | Yes | -0.85x | 23% |
| April 2026 | $13.5M | Late payment but less than 30 days delinquent | No | -0.82x | 23% |
| March 2026 | $13.5M | Current | No | -0.82x | 23% |
| February 2026 | $13.5M | Current | No | -0.89x | 23% |
| January 2026 | $13.5M | Current | No | -0.89x | 23% |
| December 2025 | $13.5M | Current | No | -0.45x | 23% |
| November 2025 | $13.6M | Current | No | -0.45x | 23% |
| October 2025 | $13.6M | Current | No | 0.11x | 23% |
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 April 15, 2026, 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-B22 Mortgage Trust | 20 | $13,411,649 | Sep 2026 | SEC filing, October 1, 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.