Retail · New York, New York
36 East 14th Street
36 East 14th Street, New York, NY · Google Maps
36 East 14th Street is financed with a $23.0M CMBS loan at 4.42% that reaches maturity on May 1, 2027, in 6 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $23,000,000
- Original balance (same notes)
- $23,000,000
- Interest rate
- 4.42% fixed
- Originated
- May 1, 2017
- Maturity
- May 1, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ends
- January 31, 2027
- Master servicer
- Trimont LLC
- Originator
- Bank of America, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 36 East 14th Street, New York, NY 10003
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 5,066 sq ft
- Built
- 2006
- Largest tenants
- Bank of America
- Value at securitization
- $40.7M (Mar 2017)
Performance
| Measure | At securitization | Latest (Jun 2026) |
|---|---|---|
| DSCR (NOI) | 1.59x | 1.45x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $1.6M | $1.5M |
| Debt yield | 6.5% |
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.
Comparable loans: retail properties in New York-Newark-Jersey City, NY-NJ, with NOI, occupancy and value.
Watch flags
Computed from the BANK 2017-BNK5 filing for the reporting period ending October 13, 2026, filed with the SEC October 30, 2026.
- Matures within 12 months
- Largest tenant's lease ends within 12 months
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 8% below the underwritten figure ($1.5M a year against $1.6M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.59x at securitization to 1.45x on the latest statements.
Who is behind this loan
- Non-recourse carveout guarantor
- Shown with Pro
- Sponsor
- Shown with Pro
- Parties and contacts named by the trust
- Shown with Pro
Source: SEC Form 424B2 prospectus, Annex A-1, filed Jun 2017.
Source: SEC Form 10-D, Exhibit 99.1 distribution statement, filed Oct 2026.
Refinance test on today's income
The latest annual NOI in the filing is $1.5M, a debt yield of 6.5% on $23.0M. Lenders often size a new loan so NOI is at least 9% to 10% of the loan amount.
| Debt yield a lender requires | Largest loan | Against today's balance |
|---|---|---|
| 9% | $16.6M | $6.4M short |
| 10% | $15.0M | $8.0M short |
Arithmetic on the filed NOI only: no rates, reserves, cap rates or lender terms. NOI can be a year old; see the statement dates above.
Operating statement
| Annual | At securitization | Latest, Jun 2026 | Per sq ft |
|---|---|---|---|
| Revenue | $1.7M | $1.6M | $309.53/sf |
| Operating expenses | $53K | $70K | $13.87/sf |
| Net operating income | $1.6M | $1.5M | $295.66/sf |
| Net cash flow | $1.6M | $1.5M | $294.45/sf |
| Expense ratio | 3.2% | 4.5% |
From the servicer's Schedule AL report; the latest statement covers 6 months and is annualized; 5,066 sq ft.
Largest tenants
| Tenant | Sq ft | Share of building | Lease ends |
|---|---|---|---|
| Bank of America | 5,066 | 100% | Jul 2027 |
Red: the lease ends before the loan matures.
Refinance and early payoff, at today's rates
This estimate uses today's Treasury curve and needs JavaScript.
Rough estimates, not quotes. New loan: the filed NOI divided by the coverage you set, at the Treasury yield for the term plus your spread. Early payoff: the present value of the remaining scheduled payments to the open date at today's Treasury yields, less the balance, which is roughly what defeasance or yield maintenance costs. Loan documents, fees and the securities bought change the real number. Treasury yields: U.S. Treasury daily par curve.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $23.0M | Current | No | 1.45x | 100% |
| September 2026 | $23.0M | Current | No | 1.45x | 100% |
| August 2026 | $23.0M | Current | No | 1.45x | 100% |
| July 2026 | $23.0M | Current | No | 1.16x | 100% |
| June 2026 | $23.0M | Current | No | 1.16x | 100% |
| May 2026 | $23.0M | Current | No | 1.87x | 100% |
| April 2026 | $23.0M | Current | No | 1.72x | 100% |
| March 2026 | $23.0M | Current | No | 1.72x | 100% |
| February 2026 | $23.0M | Current | No | 1.72x | 100% |
| January 2026 | $23.0M | Current | No | 1.72x | 100% |
| December 2025 | $23.0M | Current | No | 1.72x | 100% |
| November 2025 | $23.0M | Current | No | 1.72x | 100% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements.
Full history back to June 2017. See it with Pro.
Where the loan sits
One trust holds this loan in the data.
| Trust | Asset no. in that trust | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2017-BNK5 | 14 | $23,000,000 | Oct 2026 | SEC filing, October 30, 2026 |
Other New York-Newark-Jersey City loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| General Motors Building | New York, NY | Mixed use | $745.0M | 3.43% | Jun 2027 | 2.58x | 99% | Current |
| 245 Park Avenue | New York, NY | Office | $700.0M | 3.669% | Jun 2027 | 2.08x | 97% | Current |
| Yorkshire Towers and 1 other property | New York, NY | Multifamily | $318.0M | 3.04% | Jun 2027 | n/a | n/a | Current |
| Olympic Tower | New York, NY | Mixed use | $280.0M | 3.954% | May 2027 | 2.49x | 99% | Late, less than 30 days |
| 85 Broad Street | New York, NY | Office | $241.0M | 3.413% | Jun 2027 | 2.28x | 62% | With the special servicer |
| 225 & 233 Park Avenue South | New York, NY | Office | $235.0M | 3.651% | Jun 2027 | -0.14x | 29% | Current |
| Worldwide Plaza | New York, NY | Office | $235.0M | 3.605% | Nov 2027 | 1.49x | 62% | With the special servicer and 90+ days delinquent |
| 237 Park Avenue | New York, NY | Office | $215.4M | 3.752% | Aug 2027 | 3.71x | 89% | Current |
All loans maturing in 2027 · 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 October 13, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.