Office portfolio, 4 properties · Brooklyn, New York
55 Prospect Street, Brooklyn (2026 maturity)
This portfolio is financed with a $72.9M CMBS loan at 4.05% that reached maturity on September 6, 2026, 1 month ago. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer.
The loan
- Balance in tracked trusts
- $72,859,793
- Original balance (same notes)
- $80,000,000
- Interest rate
- 4.05% fixed
- Originated
- August 30, 2018
- Maturity
- September 6, 2026
- Payments
- Amortizing
- Prepayment lockout ended
- June 5, 2023
- Master servicer
- KeyBank Real Estate Capital
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Performing matured balloon (code 4)
- Special servicing
- Transferred February 10, 2026
- Workout strategy
- TBD
- Modified
- Yes, most recently May 22, 2024
- Defeasance
- None reported
The property
- Address
- 55 Prospect Street, Brooklyn, NY 11201
- Metro
- New York-Newark-Jersey City, NY-NJ
- Value at securitization
- $640.0M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | n/a | $15.2M |
| Debt yield | 20.9% |
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 Benchmark 2018-B7 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- With the special servicer
- Past maturity
- Modified
On the cmbs.news watch list in every report since February 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.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| 55 Prospect Street | Brooklyn, NY | Office | 49% | 0.71x |
| 117 Adams Street | Brooklyn, NY | Office | 100% | 2.32x |
| 77 Sands Street | Brooklyn, NY | Office | 83% | 1.28x |
| 81 Prospect Street | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $72.9M | Performing matured balloon | Yes | 0.71x | 49% |
| August 2026 | $72.9M | Not reported | Yes | 0.71x | 49% |
| July 2026 | $72.9M | Not reported | Yes | 0.71x | 49% |
| June 2026 | $72.9M | Not reported | Yes | 1.69x | 46% |
| May 2026 | $72.9M | Not reported | Yes | 1.69x | 46% |
| April 2026 | $72.9M | Not reported | Yes | 1.69x | 46% |
| March 2026 | $72.9M | Not reported | Yes | n/a | n/a |
| February 2026 | $72.9M | Not reported | Yes | 1.69x | 46% |
| January 2026 | $72.9M | Not reported | No | 1.96x | 44% |
| December 2025 | $72.9M | Not reported | No | 1.96x | 44% |
| November 2025 | $72.9M | Not reported | No | 1.96x | 44% |
| October 2025 | $72.9M | 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.
Special-servicing history
- Transferred to the special servicer September 6, 2023, returned to the master servicer August 7, 2024.
- Transferred to the special servicer February 10, 2026, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2018-B7 Mortgage Trust | 1 | $72,859,793 | Sep 2026 | SEC filing, October 1, 2026 |
Other New York-Newark-Jersey City loans due in 2026
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Novo Nordisk HQ | Plainsboro, NJ | Office | $210.7M | 2.838% | Nov 2026 | 4.18x | 78% | Current |
| 681 Fifth Avenue | New York, NY | Mixed use | $135.0M | 4.127% | Nov 2026 | 0.16x | 66% | With the special servicer and 90+ days delinquent |
| The Essex | New York, NY | Mixed use | $117.0M | 2.759% | Nov 2026 | n/a | n/a | Current |
| 8 Times Square & 1460 Broadway | New York, NY | Mixed use | $100.0M | 4.05% | Nov 2026 | 2.01x | 100% | With the special servicer |
| 85 Tenth Avenue | New York, NY | Mixed use | $100.0M | 3.821% | Dec 2026 | 1.91x | 89% | With the special servicer |
| 101 Ludlow | New York, NY | Mixed use | $71.0M | 4.412% | Nov 2026 | 1.81x | 100% | Current |
| 20 Times Square, New York (2026 maturity), loan 1 in CSAIL 2018-CX12 Commercial Mortgage Trust | New York, NY | Other | $64.7M | 3.108% | May 2026 | 4.15x | n/a | With the special servicer |
| 20 Times Square, New York (2026 maturity), loan 1 in UBS Commercial Mortgage Trust 2018-C11 | New York, NY | Mixed use | $64.7M | 3.108% | May 2026 | n/a | n/a | With the special servicer |
All loans maturing in 2026 · 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.