Multifamily · New York, New York
537 Edgecombe Avenue
537 Edgecombe Avenue is financed with a $5.3M CMBS loan at 7.30% that reaches maturity on January 6, 2029, in 2 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $5,300,000
- Original balance (same notes)
- $5,300,000
- Interest rate
- 7.30% fixed
- Originated
- December 18, 2023
- Maturity
- January 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- November 5, 2028
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 537 Edgecombe Avenue, New York, NY 10032
- Metro
- New York-Newark-Jersey City, NY-NJ
- Units, rooms or beds
- 10
- Built
- 1913, renovated 2022
- Value at securitization
- $7.7M (Oct 2023)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.62x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $637K | n/a |
Watch flags
Computed from the Benchmark 2024-V5 Mortgage Trust filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 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 | $5.3M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| August 2026 | $5.3M | Payment not received but still in grace period or not yet due | No | n/a | n/a |
| July 2026 | $5.3M | Payment not received but still in grace period or not yet due | No | n/a | n/a |
| June 2026 | $5.3M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| May 2026 | $5.3M | Payment not received but still in grace period or not yet due | No | n/a | n/a |
| April 2026 | $5.3M | 30-59 days delinquent | No | n/a | n/a |
| March 2026 | $5.3M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| February 2026 | $5.3M | 30-59 days delinquent | No | n/a | n/a |
| January 2026 | $5.3M | Payment not received but still in grace period or not yet due | No | n/a | n/a |
| December 2025 | $5.3M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| November 2025 | $5.3M | Payment not received but still in grace period or not yet due | No | n/a | n/a |
| October 2025 | $5.3M | Payment not received but still in grace period or not yet due | 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2024-V5 Mortgage Trust | 31 | $5,300,000 | Sep 2026 | SEC filing, September 25, 2026 |
Other New York-Newark-Jersey City loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 1633 Broadway | New York, NY | Office | $780.0M | 2.99% | Dec 2029 | 2.87x | 76% | Current |
| 650 Madison Avenue | New York, NY | Mixed use | $545.8M | 3.486% | Dec 2029 | 1.25x | 62% | Current |
| Queens Center | Elmhurst, NY | Retail | $510.0M | 5.37% | Nov 2029 | 1.94x | 93% | Current |
| 3 Columbus Circle | New York, NY | Mixed use | $490.0M | 3.914% | Mar 2029 | 2.80x | 90% | Current |
| 30 Hudson Yards | New York, NY | Office | $422.0M | 3.11% | Jul 2029 | n/a | n/a | Current |
| 55 Hudson Yards | New York, NY | Office | $371.7M | 2.95% | Dec 2029 | n/a | n/a | Current |
| Gateway Center North | Brooklyn, NY | Retail | $300.0M | 6.827% | Nov 2029 | n/a | n/a | Current |
| 640 5th Avenue | New York, NY | Mixed use | $288.6M | 6.129% | Jul 2029 | 2.35x | 90% | Current |
All loans maturing in 2029 · 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 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.