Retail · New York, New York
501 W 24th Street
501 W 24th Street is financed with a $15.8M CMBS loan at 6.38% that reaches maturity on May 6, 2032, in 5 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $15,850,000
- Original balance (same notes)
- $15,850,000
- Interest rate
- 6.38% fixed
- Originated
- May 5, 2022
- Maturity
- May 6, 2032
- Payments
- Interest only for the full term
- Prepayment lockout ends
- February 5, 2032
- Master servicer
- Midland Loan Services
- Originator
- Bank of Montreal
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 501 West 24th Street, New York, NY 10011
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 7,809 sq ft
- Built
- 2015
- Largest tenants
- Lehman-Maupin L.L.C. (Art Gallery)
- Value at securitization
- $28.8M (Apr 2022)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.47x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $1.5M | n/a |
Watch flags
Computed from the Citigroup Commercial Mortgage Trust 2022-GC48 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $15.8M | Current | No | n/a | n/a |
| August 2026 | $15.8M | Current | No | n/a | n/a |
| July 2026 | $15.8M | Current | No | n/a | n/a |
| June 2026 | $15.8M | Current | No | n/a | n/a |
| May 2026 | $15.8M | Current | No | n/a | n/a |
| April 2026 | $15.8M | Current | No | 1.14x | 100% |
| March 2026 | $15.8M | Current | No | 1.13x | 100% |
| February 2026 | $15.8M | Current | No | 1.13x | 100% |
| January 2026 | $15.8M | Current | No | 1.13x | 100% |
| December 2025 | $15.8M | Current | No | 1.13x | 100% |
| November 2025 | $15.8M | Current | No | 1.13x | 100% |
| October 2025 | $15.8M | Current | No | 1.19x | 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 |
|---|---|---|---|---|
| Citigroup Commercial Mortgage Trust 2022-GC48 | 14 | $15,850,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other New York-Newark-Jersey City loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 601 Lexington Avenue | New York, NY | Office | $573.3M | 2.792% | Jan 2032 | n/a | n/a | Current |
| 79 Fifth Avenue | New York, NY | Office | $240.0M | 4.92% | May 2032 | 0.93x | 99% | Current |
| Bell Works | Holmdel, NJ | Office | $210.0M | 5.11% | May 2032 | n/a | n/a | Current |
| 333 River Street | Hoboken, NJ | Multifamily | $125.0M | 2.315% | Jan 2032 | 7.49x | 98% | Current |
| 2 Riverfront Plaza | Newark, NJ | Office | $110.0M | 4.26% | Jan 2032 | 2.40x | 100% | Current |
| Rose Castle Apartments | Brooklyn, NY | Multifamily | $105.0M | 4.045% | Mar 2032 | 1.84x | 100% | Current |
| 330 West 34th Street Leased Fee | New York, NY | Mixed use | $100.0M | 4.55% | Sep 2032 | n/a | n/a | Current |
| 469 7th Avenue | New York, NY | Mixed use | $98.0M | 6.03% | Sep 2032 | 1.86x | 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.