Multifamily · New York, New York
47 East 129th St
47 East 129th St is financed with a $5.5M CMBS loan at 7.41% that reaches maturity on October 6, 2028, in 23 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
- $5,500,000
- Original balance (same notes)
- $5,500,000
- Interest rate
- 7.41% fixed
- Originated
- October 4, 2023
- Maturity
- October 6, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ended
- December 5, 2025
- Prepayment premium ends
- April 5, 2028 (yield maintenance)
- Originator
- Barclays Capital Real Estate Inc.
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred May 7, 2025
- Workout strategy
- Foreclosure
- Defeasance
- Partly defeased
The property
- Address
- 47 East 129th Street, New York, NY 10035
- Metro
- New York-Newark-Jersey City, NY-NJ
- Units, rooms or beds
- 23
- Built
- 1889
- Value at securitization
- $8.6M (Aug 2023)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.26x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $521K | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2023-5C23 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.
What the filing shows
- The most recent valuation in the filing is $4.7M (July 30, 2025), against $8.6M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.5M | 90+ days delinquent | Yes | n/a | n/a |
| August 2026 | $5.5M | 90+ days delinquent | Yes | n/a | n/a |
| July 2026 | $5.5M | 90+ days delinquent | Yes | n/a | n/a |
| June 2026 | $5.5M | 90+ days delinquent | Yes | n/a | n/a |
| May 2026 | $5.5M | 90+ days delinquent | Yes | n/a | n/a |
| April 2026 | $5.5M | 90+ days delinquent | Yes | -1.69x | 74% |
| March 2026 | $5.5M | 90+ days delinquent | Yes | -1.69x | 74% |
| February 2026 | $5.5M | 90+ days delinquent | Yes | -1.69x | 74% |
| January 2026 | $5.5M | 90+ days delinquent | Yes | -1.69x | 74% |
| December 2025 | $5.5M | 90+ days delinquent | Yes | -0.19x | 67% |
| November 2025 | $5.5M | 90+ days delinquent | Yes | -0.19x | 67% |
| October 2025 | $5.5M | 90+ days delinquent | Yes | n/a | n/a |
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 May 7, 2025, 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 2023-5C23 | 26 | $5,500,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other New York-Newark-Jersey City loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| One SoHo Square | New York, NY | Office | $469.0M | 2.725% | Aug 2028 | 1.78x | 85% | With the special servicer |
| 11 West 42nd Street | New York, NY | Office | $274.0M | 7.44% | Jul 2028 | 1.27x | 99% | Current |
| Harborside 2-3 | Jersey City, NJ | Office | $225.0M | 5.84% | Apr 2028 | 2.29x | 76% | Current |
| 3 Park Avenue | New York, NY | Office | $182.0M | 4.75% | Dec 2028 | 0.61x | 47% | Current |
| Gateway Center South | Brooklyn, NY | Retail | $162.5M | 6.873% | Jun 2028 | 1.69x | 98% | Current |
| 685 Fifth Avenue Retail | New York, NY | Retail | $160.0M | 3.871% | Jul 2028 | 3.13x | 100% | With the special servicer |
| 1745 Broadway | New York, NY | Office | $144.0M | 3.768% | Jun 2028 | 2.52x | 88% | Current |
| 65 Broadway, New York (2028 maturity), loan 4Sb in CF 2019-CF1 Mortgage Trust | New York, NY | Office | $136.0M | 4.935% | Dec 2028 | n/a | n/a | Current |
All loans maturing in 2028 · 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.