Mixed use · New York City, New York
384-390 Fulton Street
384-390 Fulton Street is financed with a $32.0M CMBS loan at 3.925% that reaches maturity on October 6, 2026, this month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $32,000,000
- Original balance (same notes)
- $32,000,000
- Interest rate
- 3.925% fixed
- Originated
- September 14, 2021
- Maturity
- October 6, 2026
- Payments
- Amortizing
- Master servicer
- KeyBank Real Estate Capital
- Originator
- AREF
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 384 Fulton Street, New York City, NY 11216
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 29,904 sq ft
- Built
- 1925, renovated 2011
- Largest tenants
- Duane Reade; Heart 2 Heart; Hope Program
- Value at securitization
- $50.9M (Jul 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 2.10x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | n/a | $2.7M |
| Debt yield | 8.4% |
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 Morgan Stanley Capital I Trust 2021-L7 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Past maturity
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $32.0M | Not reported | No | 2.10x | 100% |
| August 2026 | $32.0M | Not reported | No | 2.10x | 100% |
| July 2026 | $32.0M | Not reported | No | 1.80x | 100% |
| June 2026 | $32.0M | Not reported | No | 1.80x | 100% |
| May 2026 | $32.0M | Not reported | No | 1.80x | 100% |
| April 2026 | $32.0M | Not reported | No | 1.80x | 100% |
| March 2026 | $32.0M | Not reported | No | 1.93x | 100% |
| February 2026 | $32.0M | Not reported | No | 1.93x | 100% |
| January 2026 | $32.0M | Not reported | No | 1.93x | 100% |
| December 2025 | $32.0M | Not reported | No | 1.93x | 100% |
| November 2025 | $32.0M | Not reported | No | 1.83x | 100% |
| October 2025 | $32.0M | Not reported | No | 1.83x | 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 |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2021-L7 | 9 | $32,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other New York-Newark-Jersey City loans due in 2026
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Novo Nordisk HQ | Plainsboro, NJ | Office | $210.7M | 2.838% | Nov 2026 | 4.18x | 78% | Current |
| 681 Fifth Avenue | New York, NY | Mixed use | $135.0M | 4.127% | Nov 2026 | 0.16x | 66% | With the special servicer and 90+ days delinquent |
| The Essex | New York, NY | Mixed use | $117.0M | 2.759% | Nov 2026 | n/a | n/a | Current |
| 8 Times Square & 1460 Broadway | New York, NY | Mixed use | $100.0M | 4.05% | Nov 2026 | 2.01x | 100% | With the special servicer |
| 85 Tenth Avenue | New York, NY | Mixed use | $100.0M | 3.821% | Dec 2026 | 1.91x | 89% | With the special servicer |
| 55 Prospect Street, Brooklyn (2026 maturity) | Brooklyn, NY | Office | $72.9M | 4.05% | Sep 2026 | n/a | n/a | With the special servicer |
| 101 Ludlow | New York, NY | Mixed use | $71.0M | 4.412% | Nov 2026 | 1.81x | 100% | Current |
| 20 Times Square, New York (2026 maturity), loan 1 in CSAIL 2018-CX12 Commercial Mortgage Trust | New York, NY | Other | $64.7M | 3.108% | May 2026 | 4.15x | n/a | With the special servicer |
All loans maturing in 2026 · 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.