Multifamily · New York, New York
555 10th Avenue
Public CMBS trusts hold $50.0M of the loan on 555 10th Avenue at 3.52% that reaches maturity on December 6, 2029, in 3 years and 1 month. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $50,000,000
- Original balance (same notes)
- $50,000,000
- Interest rate
- 3.52% fixed
- Originated
- December 12, 2019
- Maturity
- December 6, 2029
- Payments
- Interest only for the full term
- Prepayment premium ends
- September 5, 2029 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 555 10th Avenue, New York, NY 10018
- Metro
- New York-Newark-Jersey City, NY-NJ
- Units, rooms or beds
- 598
- Built
- 2017
- Largest tenants
- SUCCESS ACADEMY; QUEEN OF QUEENS NAIL & SPA; SUPERIOR GOURMET
- Value at securitization
- $885.2M (Sep 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.90x | 3.24x |
| Occupancy | 96% | 100% |
| Net operating income (annualized from 6 months) | $27.2M | $30.7M |
| Debt yield | 61.3% |
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 GS Mortgage Securities Trust 2020-GC47 filing for the reporting period ending October 8, 2026, filed with the SEC October 22, 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.
What the filing shows
- Occupancy has risen from 96% when the loan was securitized to 100%.
- Net operating income is 13% above the underwritten figure ($30.7M a year against $27.2M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.90x at securitization to 3.24x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $50.0M | Current | No | 3.24x | 100% |
| September 2026 | $50.0M | Current | No | 3.24x | 100% |
| August 2026 | $50.0M | Current | No | 3.14x | 100% |
| July 2026 | $50.0M | Current | No | 3.09x | 100% |
| June 2026 | $50.0M | Current | No | 3.09x | 100% |
| May 2026 | $50.0M | Current | No | 3.06x | 100% |
| April 2026 | $50.0M | Current | No | 3.06x | 100% |
| March 2026 | $50.0M | Current | No | 3.06x | 100% |
| February 2026 | $50.0M | Current | No | 3.06x | 100% |
| January 2026 | $50.0M | Current | No | 3.06x | 100% |
| December 2025 | $50.0M | Current | No | 3.06x | 100% |
| November 2025 | $50.0M | Current | No | 3.08x | 97% |
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 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| GS Mortgage Securities Trust 2020-GC47 | 8 | $30,000,000 | Oct 2026 | SEC filing, October 22, 2026 |
| GS Mortgage Securities Trust 2020-GC47 | 8A | $20,000,000 | Oct 2026 | SEC filing, October 22, 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 October 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.