Multifamily portfolio, 2 properties · Brooklyn, New York
372 Baltic Street
This portfolio is financed with a $6.3M CMBS loan at 7.12% that reaches maturity on March 6, 2033, in 6 years and 4 months. 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
- $6,275,000
- Original balance (same notes)
- $6,275,000
- Interest rate
- 7.12% fixed
- Originated
- March 3, 2023
- Maturity
- March 6, 2033
- Payments
- Interest only for the full term
- Prepayment lockout ended
- March 5, 2025
- Master servicer
- KeyBank Real Estate Capital
- Originator
- LMF
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred February 5, 2024
- Workout strategy
- Foreclosure
- Defeasance
- Partly defeased
The property
- Address
- 372 Baltic Street, Brooklyn, NY 11201
- Metro
- New York-Newark-Jersey City, NY-NJ
- Value at securitization
- $9.0M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income (annualized from 3 months) | n/a | $597K |
| Debt yield | 9.5% |
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 2023-C19 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
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.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| 372 Baltic Street | Brooklyn, NY | Multifamily | 100% | 1.32x |
| 350 5th Street | Brooklyn, NY | Multifamily | 100% | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.3M | 90+ days delinquent | Yes | 1.32x | 100% |
| August 2026 | $6.3M | 90+ days delinquent | Yes | 1.32x | 100% |
| July 2026 | $6.3M | 90+ days delinquent | Yes | 1.32x | 100% |
| June 2026 | $6.3M | 90+ days delinquent | Yes | 1.32x | 100% |
| May 2026 | $6.3M | 90+ days delinquent | Yes | 1.32x | 100% |
| April 2026 | $6.3M | 90+ days delinquent | Yes | 1.32x | 100% |
| March 2026 | $6.3M | 90+ days delinquent | Yes | 1.32x | 100% |
| February 2026 | $6.3M | 90+ days delinquent | Yes | 1.32x | 100% |
| January 2026 | $6.3M | 90+ days delinquent | Yes | 1.32x | 100% |
| December 2025 | $6.3M | 90+ days delinquent | Yes | 1.32x | 100% |
| November 2025 | $6.3M | 90+ days delinquent | Yes | 1.32x | 100% |
| October 2025 | $6.3M | 90+ days delinquent | Yes | 1.32x | 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.
Special-servicing history
- Transferred to the special servicer February 5, 2024, 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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2023-C19 | 31 | $6,275,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other New York-Newark-Jersey City loans due in 2033
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 60 Hudson | New York, NY | Other | $280.0M | 5.885% | Oct 2033 | 3.69x | 64% | Current |
| 100 Jefferson Road | Parsippany, NJ | Industrial | $67.5M | 7.26% | Apr 2033 | 1.57x | 100% | Current |
| 2 Executive | Fort Lee, NJ | Mixed use | $54.5M | 6.219% | Apr 2033 | n/a | 93% | With the special servicer and 90+ days delinquent |
| Cross Island Plaza | Rosedale, NY | Office | $42.5M | 6.605% | May 2033 | n/a | n/a | With the special servicer |
| 2136/2138 Honeywell Avenue a/k/a 901/903 E 181st St | Bronx, NY | Multifamily | $36.0M | 7.25% | Dec 2033 | n/a | n/a | Current |
| 100 Jefferson | Parsippany, NJ | Industrial | $30.0M | 7.26% | Apr 2033 | n/a | n/a | Current |
| 500 Mamaroneck | Harrison, NY | Office | $29.5M | 6.83% | Apr 2033 | 0.74x | 100% | Current |
| 175 E 62nd Street | New York, NY | Multifamily | $25.0M | 2.295% | Sep 2033 | 5.22x | 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.