Mixed use · New York, New York
711 Fifth Avenue
Public CMBS trusts hold $545.0M of the loan on 711 Fifth Avenue at 3.16% that reaches maturity on March 6, 2030, in 3 years and 4 months. As of the Sep 2026 and Oct 2026 servicer reports its status is current.
The loan
- Balance in tracked trusts
- $545,000,000
- Original balance (same notes)
- $545,000,000
- Interest rate
- 3.16% fixed
- Originated
- March 6, 2020
- Maturity
- March 6, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- September 5, 2029
- Master servicer
- Trimont LLC
- Originator
- Goldman Sachs Bank USA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 711 5th Avenue, New York, NY 10022
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 340,024 sq ft
- Built
- 1927, renovated 2019
- Largest tenants
- Allen & Company LLC; Core 5th Avenue LLC; Ralph Lauren
- Value at securitization
- $1.0B (Jan 2020)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.94x | 2.71x |
| Occupancy | 77% | 66% |
| Net operating income (annualized from 6 months) | $51.3M | $47.5M |
| Debt yield | 8.7% |
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.
- Occupancy down 10 points or more from securitization
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 fallen from 77% when the loan was securitized to 66%.
- Net operating income is 7% below the underwritten figure ($47.5M a year against $51.3M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.94x at securitization to 2.71x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $102.5M | Payment not received but still in grace period or not yet due | No | 2.71x | 66% |
| September 2026 | $545.0M | Late payment but less than 30 days delinquent | No | 2.71x | 66% |
| August 2026 | $545.0M | Late payment but less than 30 days delinquent | No | 3.03x | 66% |
| July 2026 | $545.0M | Late payment but less than 30 days delinquent | No | 3.03x | 66% |
| June 2026 | $545.0M | Late payment but less than 30 days delinquent | No | 3.03x | 66% |
| May 2026 | $545.0M | Payment not received but still in grace period or not yet due | No | 3.03x | 66% |
| April 2026 | $545.0M | Late payment but less than 30 days delinquent | No | 3.18x | 66% |
| March 2026 | $545.0M | Late payment but less than 30 days delinquent | No | 3.18x | 66% |
| February 2026 | $545.0M | Late payment but less than 30 days delinquent | No | 3.18x | 66% |
| January 2026 | $545.0M | Late payment but less than 30 days delinquent | No | 3.18x | 66% |
| December 2025 | $545.0M | Late payment but less than 30 days delinquent | No | 3.17x | 73% |
| November 2025 | $545.0M | Late payment but less than 30 days delinquent | No | 3.17x | 73% |
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 17 notes held by different trusts. Each trust reports its own piece.
Other New York-Newark-Jersey City loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Kings Plaza | Brooklyn, NY | Retail | $487.0M | 3.359% | Jan 2030 | 2.38x | 91% | Current |
| Grace Building | New York, NY | Office | $450.0M | 2.692% | Dec 2030 | n/a | n/a | Current |
| 545 Washington Boulevard | Jersey City, NJ | Office | $251.6M | 3.405% | Feb 2030 | 2.00x | 91% | Current |
| 605 Third Avenue | New York, NY | Office | $231.0M | 1.938% | Dec 2030 | 4.66x | 83% | Current |
| The Spiral | New York, NY | Office | $200.0M | 5.50% | Jan 2030 | n/a | n/a | Current |
| 250 West 57th Street | New York, NY | Office | $180.0M | 2.829% | Dec 2030 | 4.41x | 85% | Current |
| Mall at Bay Plaza | The Bronx, NY | Retail | $170.0M | 6.715% | Nov 2030 | n/a | n/a | Current |
| 120 Wall Street | New York, NY | Office | $165.0M | 3.201% | Oct 2030 | 2.73x | 91% | Current |
All loans maturing in 2030 · All New York-Newark-Jersey City loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting periods ending September 9, 2026, September 11, 2026, October 6, 2026, October 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.