Multifamily portfolio, 3 properties · Brooklyn, New York
555-557 Union Street
This portfolio is financed with a $13.4M CMBS loan at 5.60% 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 current.
The loan
- Balance in tracked trusts
- $13,382,000
- Original balance (same notes)
- $14,000,000
- Interest rate
- 5.60% fixed
- Originated
- December 14, 2018
- Maturity
- January 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ended
- April 5, 2021
- Originator
- BSPRT CMBS Finance, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred October 14, 2020, returned June 7, 2023
- Workout strategy
- Resolved
- Modified
- Yes, most recently March 6, 2023
- Defeasance
- None reported
The property
- Address
- 555-557 Union Street, Brooklyn, NY 11215
- Metro
- New York-Newark-Jersey City, NY-NJ
- Value at securitization
- $19.9M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $1.1M | n/a |
Watch flags
Computed from the CSAIL 2019-C15 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Modified
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 |
|---|---|---|---|---|
| 555-557 Union Street | Brooklyn, NY | Multifamily | n/a | n/a |
| 141 Troutman Street | Brooklyn, NY | Multifamily | n/a | n/a |
| 243 Suydam Street | Brooklyn, NY | Multifamily | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $13.4M | Current | No | n/a | n/a |
| August 2026 | $13.4M | Current | No | n/a | n/a |
| July 2026 | $13.4M | Current | No | n/a | n/a |
| June 2026 | $13.4M | Current | No | n/a | n/a |
| May 2026 | $13.4M | Current | No | n/a | n/a |
| April 2026 | $13.4M | Current | No | 1.42x | 100% |
| March 2026 | $13.4M | Current | No | 1.43x | 100% |
| February 2026 | $13.4M | Current | No | 1.43x | 100% |
| January 2026 | $13.4M | Current | No | 1.43x | 100% |
| December 2025 | $13.4M | Current | No | 1.46x | 100% |
| November 2025 | $13.4M | Current | No | 1.46x | 100% |
| October 2025 | $13.4M | Current | No | 1.46x | 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.
Special-servicing history
- Transferred to the special servicer October 14, 2020, returned to the master servicer June 7, 2023.
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 |
|---|---|---|---|---|
| CSAIL 2019-C15 Commercial Mortgage Trust | 23 | $13,382,000 | Sep 2026 | SEC filing, September 28, 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 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.