Retail · New York, New York
680 Madison
Public CMBS trusts hold $80.0M of the loan on 680 Madison at 6.702% that reaches maturity on June 6, 2034, in 7 years and 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $80,000,000
- Original balance (same notes)
- $80,000,000
- Interest rate
- 6.702% fixed
- Originated
- May 21, 2024
- Maturity
- June 6, 2034
- Payments
- Interest only for the full term
- Prepayment lockout ends
- December 5, 2033
- Master servicer
- Midland
- Originator
- Goldman Sachs Bank USA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 680 Madison Avenue, New York, NY 10065
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 34,298 sq ft
- Built
- 1951, renovated 2014
- Largest tenants
- Tom Ford; OSCAR DE LA RENTA; BRION! AMERICA, INC.
- Value at securitization
- $185.0M (Apr 2024)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.86x | 1.74x |
| Occupancy | 97% | 97% |
| Net operating income (annualized from 3 months) | $15.1M | $14.4M |
| Debt yield | 18.0% |
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 BMO 2024-C9 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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
- Debt service coverage moved from 1.86x at securitization to 1.74x on the latest statements.
- The filing gives Jun 2032 as the lease end date for the largest tenant (Tom Ford), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $80.0M | Current | No | 1.74x | 97% |
| August 2026 | $80.0M | Current | No | 1.74x | 97% |
| July 2026 | $80.0M | Current | No | 1.74x | 97% |
| June 2026 | $80.0M | Current | No | n/a | n/a |
| May 2026 | $80.0M | Current | No | n/a | n/a |
| April 2026 | $80.0M | Current | No | 2.67x | 97% |
| March 2026 | $80.0M | Current | No | 2.67x | 97% |
| February 2026 | $80.0M | Current | No | 2.67x | 97% |
| January 2026 | $80.0M | Current | No | 2.67x | 97% |
| December 2025 | $80.0M | Current | No | 2.61x | 97% |
| November 2025 | $80.0M | Current | No | 2.61x | 97% |
| October 2025 | $80.0M | Current | No | 2.61x | 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BMO 2024-C9 Mortgage Trust | 3 | $80,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other New York-Newark-Jersey City loans due in 2034
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Newport Centre | Jersey City, NJ | Retail | $108.0M | 5.437% | Sep 2034 | 2.75x | 95% | Current |
| Newport Centre Mall | Jersey City, NJ | Retail | $80.0M | 5.437% | Sep 2034 | 2.73x | 94% | Current |
| Mercer Square Owners Corp. | New York, NY | Other | $43.0M | 6.03% | Aug 2034 | n/a | n/a | Current |
| 680 Madison Avenue | New York, NY | Retail | $40.0M | 6.702% | Jun 2034 | 1.74x | 97% | Current |
| 330 West 38th Street | New York, NY | Office | $37.5M | 6.06% | Nov 2034 | n/a | n/a | Current |
| SoHo Grand & Tribeca Grand Hotel | New York, NY | Hotel | $33.5M | 5.54% | Sep 2034 | n/a | n/a | Current |
| 57 Willoughby | Brooklyn, NY | Office | $30.6M | 7.092% | Aug 2034 | 1.99x | 100% | Current |
| 107-115 Greenpoint Avenue | Brooklyn, NY | Multifamily | $30.0M | 6.30% | May 2034 | 1.12x | 98% | Current |
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.