Office · Harrison, New York
500 Mamaroneck
500 Mamaroneck is financed with a $29.5M CMBS loan at 6.83% that reaches maturity on April 6, 2033, in 6 years and 5 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $29,500,000
- Original balance (same notes)
- $29,500,000
- Interest rate
- 6.83% fixed
- Originated
- April 5, 2023
- Maturity
- April 6, 2033
- Payments
- Interest only for the full term
- Prepayment lockout ends
- January 5, 2033
- Master servicer
- Midland
- Originator
- Bank of Montreal
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 500 Mamaroneck Avenue, Harrison, NY 10528
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 1,502,820 sq ft
- Largest tenants
- Harrison Members
- Value at securitization
- $45.3M (Feb 2023)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.23x | 0.74x |
| Occupancy | n/a | 100% |
| Net operating income (annualized from 3 months) | $2.5M | $1.5M |
| Debt yield | 5.2% |
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 BMO 2023-C5 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in every report since May 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
- Net operating income is 40% below the underwritten figure ($1.5M a year against $2.5M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.23x at securitization to 0.74x on the latest statements.
- At 0.74x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $29.5M | Current | No | 0.74x | 100% |
| August 2026 | $29.5M | Current | No | 0.74x | 100% |
| July 2026 | $29.5M | Current | No | 0.74x | 100% |
| June 2026 | $29.5M | Current | No | 0.74x | 100% |
| May 2026 | $29.5M | Current | No | 0.74x | 100% |
| April 2026 | $29.5M | Current | No | 1.12x | n/a |
| March 2026 | $29.5M | Current | No | 1.11x | 100% |
| February 2026 | $29.5M | Current | No | 1.11x | 100% |
| January 2026 | $29.5M | Current | No | 1.11x | 100% |
| December 2025 | $29.5M | Current | No | 1.11x | 100% |
| November 2025 | $29.5M | Current | No | 1.11x | 100% |
| October 2025 | $29.5M | Current | No | 1.11x | 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 |
|---|---|---|---|---|
| BMO 2023-C5 Mortgage Trust | 9 | $29,500,000 | Sep 2026 | SEC filing, October 2, 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 |
| 175 E 62nd Street | New York, NY | Multifamily | $25.0M | 2.295% | Sep 2033 | 5.22x | 100% | Current |
| 315 5th Avenue | New York, NY | Mixed use | $25.0M | 6.55% | Jan 2033 | 0.80x | 96% | 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.