Mixed use · New York, New York
535 & 545 5th Avenue
Public CMBS trusts hold $129.7M of the loan on 535 & 545 5th Avenue at 7.06% that reaches maturity on January 9, 2031, in 4 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $129,720,430
- Original balance (same notes)
- $130,000,000
- Interest rate
- 7.06% fixed
- Originated
- January 9, 2026
- Maturity
- January 9, 2031
- Payments
- Amortizing
- Prepayment lockout ends
- January 8, 2028
- Prepayment premium ends
- October 8, 2030 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- DBR Investments Co. Limited
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 535-545 Fifth Avenue, New York, NY 10017
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 507,207 sq ft
- Built
- 1897, renovated 2017
- Largest tenants
- EMPIRE OFFICES 535 FIFTH HOLDINGS LLC; BEST BUY STORES, L.P.; LABORATORY INSTITUTE OF MERCHANDISING, INC.
- Value at securitization
- $490.0M (Nov 2025)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.31x | n/a |
| Occupancy | 89% | n/a |
| Net operating income | $30.2M | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2026-5C41 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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 6 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $129.7M | Current | No | n/a | n/a |
| August 2026 | $129.8M | Current | No | n/a | n/a |
| July 2026 | $129.8M | Current | No | n/a | n/a |
| June 2026 | $129.8M | Current | No | 1.23x | 89% |
| May 2026 | $109.9M | Late payment but less than 30 days delinquent | No | 1.23x | 89% |
| April 2026 | $30.0M | Not reported | 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 6 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2026-5C9 | 3 | $49,892,473 | Sep 2026 | SEC filing, September 29, 2026 |
| Wells Fargo Commercial Mortgage Trust 2026-5C10 | 11 | $19,956,989 | Sep 2026 | SEC filing, September 29, 2026 |
| Benchmark 2026-V21 Mortgage Trust | 16-A-4 | $14,967,742 | Sep 2026 | SEC filing, September 28, 2026 |
| Benchmark 2026-V21 Mortgage Trust | 16-A-5 | $14,967,742 | Sep 2026 | SEC filing, September 28, 2026 |
| Benchmark 2026-V22 Mortgage Trust | 16 | $14,967,742 | Sep 2026 | SEC filing, September 30, 2026 |
| BBCMS Mortgage Trust 2026-5C41 | 13 | $14,967,742 | Sep 2026 | SEC filing, September 29, 2026 |
Other New York-Newark-Jersey City loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 375 Pearl Street | New York, NY | Office | $220.0M | 3.368% | Jun 2031 | 2.15x | 100% | Current |
| Park Avenue Plaza | New York, NY | Office | $180.0M | 2.837% | Nov 2031 | 3.70x | 100% | Current |
| 535-545 Fifth Avenue | New York, NY | Mixed use | $179.6M | 7.06% | Jan 2031 | n/a | n/a | Current |
| 15 West 47th Street | New York, NY | Office | $141.0M | 3.51% | Jan 2031 | n/a | n/a | Current |
| 2 Washington Street | New York, NY | Multifamily | $131.5M | 3.45% | Aug 2031 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 1 Willoughby Square | Brooklyn, NY | Office | $125.0M | 6.786% | Jan 2031 | 0.97x | 91% | Current |
| The Arches | Bronx, NY | Other | $120.0M | 5.436% | Feb 2031 | n/a | n/a | Current |
| 860 Washington Street | New York, NY | Mixed use | $116.0M | 2.40% | Jan 2031 | 2.56x | 98% | Current |
All loans maturing in 2031 · 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.