Office · Brooklyn, New York
592-594 Dean Street
592-594 Dean Street is financed with a $12.9M CMBS loan at 4.80% that reaches maturity on September 6, 2027, in 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $12,923,414
- Original balance (same notes)
- $14,250,000
- Interest rate
- 4.80% fixed
- Originated
- August 21, 2017
- Maturity
- September 6, 2027
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- June 5, 2027
- Master servicer
- Midland
- Originator
- DBNY
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred July 6, 2026
- Workout strategy
- Other
- Defeasance
- None reported
The property
- Address
- 592-594 Dean Street, Brooklyn, NY 11238
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 30,638 sq ft
- Units, rooms or beds
- 3
- Built
- 1951, renovated 2015
- Largest tenants
- Industrious; USPS
- Value at securitization
- $21.4M (Apr 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.57x | 0.97x |
| Occupancy | 91% | 100% |
| Net operating income (annualized from 6 months) | $1.1M | $1.8M |
| Debt yield | 13.6% |
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 COMM 2017-COR2 Mortgage Trust filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Matures within 12 months
On the cmbs.news watch list in every report since June 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.
What the filing shows
- Occupancy has risen from 91% when the loan was securitized to 100%.
- Net operating income is 61% above the underwritten figure ($1.8M a year against $1.1M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.57x at securitization to 0.97x on the latest statements.
- At 0.97x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $12.9M | 90+ days delinquent | Yes | 0.97x | 100% |
| August 2026 | $12.9M | 60-89 days delinquent | Yes | n/a | n/a |
| July 2026 | $12.9M | 60-89 days delinquent | No | n/a | n/a |
| June 2026 | $12.9M | 30-59 days delinquent | No | n/a | n/a |
| May 2026 | $13.0M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| April 2026 | $13.0M | 30-59 days delinquent | No | 1.25x | 100% |
| March 2026 | $13.0M | Late payment but less than 30 days delinquent | No | 1.26x | 100% |
| February 2026 | $13.0M | 30-59 days delinquent | No | 1.29x | 100% |
| January 2026 | $13.1M | 30-59 days delinquent | No | 1.29x | 100% |
| December 2025 | $13.1M | 30-59 days delinquent | No | 1.29x | 100% |
| November 2025 | $13.1M | Payment not received but still in grace period or not yet due | No | 1.29x | 100% |
| October 2025 | $13.1M | Payment not received but still in grace period or not yet due | No | 1.29x | 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 July 6, 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 |
|---|---|---|---|---|
| COMM 2017-COR2 Mortgage Trust | 23 | $12,923,414 | Sep 2026 | SEC filing, September 25, 2026 |
Other New York-Newark-Jersey City loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| General Motors Building | New York, NY | Mixed use | $726.3M | 3.43% | Jun 2027 | 2.58x | 99% | Current |
| 245 Park Avenue | New York, NY | Office | $700.0M | 3.669% | Jun 2027 | 2.08x | 97% | Current |
| Yorkshire Towers | New York, NY | Multifamily | $318.0M | 3.04% | Jun 2027 | n/a | n/a | Current |
| Olympic Tower | New York, NY | Mixed use | $280.0M | 3.954% | May 2027 | n/a | n/a | Current |
| 85 Broad Street | New York, NY | Office | $241.0M | 3.693% | Jun 2027 | 2.28x | 62% | With the special servicer |
| 225 & 233 Park Avenue South | New York, NY | Office | $235.0M | 3.651% | Jun 2027 | -0.14x | 29% | Current |
| Worldwide Plaza | New York, NY | Office | $235.0M | 3.605% | Nov 2027 | 1.49x | 62% | With the special servicer and 90+ days delinquent |
| 237 Park Avenue | New York, NY | Office | $215.4M | 3.752% | Aug 2027 | 3.71x | 89% | Current |
All loans maturing in 2027 · 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.