Mixed use · New York, New York
50 West 23rd Street
Public CMBS trusts hold $83.0M of the loan on 50 West 23rd Street at 6.46% that reaches maturity on February 6, 2036, in 9 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $83,000,000
- Original balance (same notes)
- $83,000,000
- Interest rate
- 6.46% fixed
- Originated
- January 29, 2026
- Maturity
- February 6, 2036
- Payments
- Interest only for the full term
- Prepayment lockout ends
- August 5, 2035
- Master servicer
- Midland
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 50 West 23rd Street, New York, NY 10010
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 331,744 sq ft
- Built
- 1906, renovated 2015
- Largest tenants
- NYC Department of Education; Buzzfeed, Inc; MSQ Partners NA LLC
- Value at securitization
- $208.0M (Dec 2025)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 2.33x | n/a |
| Occupancy | 97% | n/a |
| Net operating income | $12.7M | n/a |
Watch flags
Computed from the Benchmark 2026-B42 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
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 filing gives Jun 2030 as the lease end date for the largest tenant (NYC Department of Education), before the loan matures. Lenders look hard at that rollover.
The last 7 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $83.0M | Current | No | n/a | n/a |
| August 2026 | $83.0M | Current | No | n/a | n/a |
| July 2026 | $83.0M | Current | No | n/a | n/a |
| June 2026 | $83.0M | Current | No | n/a | n/a |
| May 2026 | $83.0M | Current | No | n/a | n/a |
| April 2026 | $83.0M | Current | No | 1.50x | 97% |
| March 2026 | $30.0M | Current | No | 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.
Where the loan sits
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2026-C66 | 4 | $53,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| Benchmark 2026-B42 Mortgage Trust | 6 | $30,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other New York-Newark-Jersey City loans due in 2036
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| One Dag | New York, NY | Office | $134.9M | 6.761% | Jun 2036 | n/a | n/a | Late, less than 30 days |
| 1600 Broadway | New York, NY | Retail | $98.0M | 3.451% | May 2036 | 2.60x | 100% | Current |
| 215 Park Ave South | New York, NY | Office | $70.0M | 6.055% | Mar 2036 | n/a | n/a | Current |
| 10 Union Square East | New York, NY | Retail | $53.5M | 5.59% | Apr 2036 | n/a | n/a | Current |
| Downtown 33 | Monsey, NY | Office | $45.9M | 7.306% | May 2036 | n/a | n/a | Current |
| 360 East 72nd Street Co-Op | New York, NY | Multifamily | $42.0M | 5.134% | Apr 2036 | n/a | n/a | Current |
| 215 Park Avenue South | New York, NY | Office | $38.0M | 6.055% | Mar 2036 | n/a | n/a | Current |
| Metropolis Towers Coop | NJ | Multifamily | $29.0M | 5.59% | Jul 2036 | n/a | n/a | 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.