Mixed use · New York, New York
8 Times Square & 1460 Broadway
Public CMBS trusts hold $100.0M of the loan on 8 Times Square & 1460 Broadway at 4.05% that reaches maturity on November 6, 2026, this month. As of the Sep 2026 and Oct 2026 servicer reports its status is with the special servicer.
The loan
- Balance in tracked trusts
- $100,000,000
- Original balance (same notes)
- $100,000,000
- Interest rate
- 4.05% fixed
- Originated
- October 20, 2016
- Maturity
- November 6, 2026
- Payments
- Interest only for the full term
- Prepayment lockout ended
- March 5, 2019
- Prepayment premium ends
- August 5, 2026
- Master servicer
- Wells Fargo
- Originator
- CGMRC
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred July 29, 2026
- Workout strategy
- Other
- Defeasance
- None reported
The property
- Address
- 1460 Broadway, New York, NY 10036
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 214,341 sq ft
- Built
- 1952, renovated 2015
- Largest tenants
- 1460 Broadway Tenant - WEWORK; FOOT LOCKER RETAIL
- Value at securitization
- $360.0M (Oct 2016)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.80x | 2.01x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $14.8M | $33.2M |
| Debt yield | 33.2% |
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 CD 2017-CD3 Mortgage Trust filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 2026.
- With the special servicer
- Matures within 12 months
On the cmbs.news watch list in every report since October 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
- Net operating income is 124% above the underwritten figure ($33.2M a year against $14.8M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.80x at securitization to 2.01x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $25.0M | Current | Yes | 2.01x | 100% |
| September 2026 | $100.0M | Late payment but less than 30 days delinquent | No | 2.01x | 100% |
| August 2026 | $100.0M | Current | No | 1.84x | 100% |
| July 2026 | $100.0M | Current | No | n/a | n/a |
| June 2026 | $100.0M | Current | No | n/a | n/a |
| May 2026 | $100.0M | Current | No | n/a | n/a |
| April 2026 | $100.0M | Current | No | 1.69x | 100% |
| March 2026 | $100.0M | Current | No | 1.69x | 100% |
| February 2026 | $100.0M | Current | No | 1.69x | 100% |
| January 2026 | $100.0M | Current | No | 1.69x | 100% |
| December 2025 | $100.0M | Current | No | 1.68x | 100% |
| November 2025 | $100.0M | Current | No | 1.68x | 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.
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 |
|---|---|---|---|---|
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2016-P6 | 1 | $75,000,000 | Sep 2026 | SEC filing, September 25, 2026 |
| CD 2017-CD3 Mortgage Trust | 21 | $25,000,000 | Oct 2026 | SEC filing, October 22, 2026 |
Other New York-Newark-Jersey City loans due in 2026
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Novo Nordisk HQ | Plainsboro, NJ | Office | $210.7M | 2.838% | Nov 2026 | 4.18x | 78% | Current |
| 681 Fifth Avenue | New York, NY | Mixed use | $135.0M | 4.127% | Nov 2026 | 0.16x | 66% | With the special servicer and 90+ days delinquent |
| The Essex | New York, NY | Mixed use | $117.0M | 2.759% | Nov 2026 | n/a | n/a | Current |
| 85 Tenth Avenue | New York, NY | Mixed use | $100.0M | 3.821% | Dec 2026 | 1.91x | 89% | With the special servicer |
| 55 Prospect Street, Brooklyn (2026 maturity) | Brooklyn, NY | Office | $72.9M | 4.05% | Sep 2026 | n/a | n/a | With the special servicer |
| 101 Ludlow | New York, NY | Mixed use | $71.0M | 4.412% | Nov 2026 | 1.81x | 100% | Current |
| 20 Times Square, New York (2026 maturity), loan 1 in CSAIL 2018-CX12 Commercial Mortgage Trust | New York, NY | Other | $64.7M | 3.108% | May 2026 | 4.15x | n/a | With the special servicer |
| 20 Times Square, New York (2026 maturity), loan 1 in UBS Commercial Mortgage Trust 2018-C11 | New York, NY | Mixed use | $64.7M | 3.108% | May 2026 | n/a | n/a | With the special servicer |
All loans maturing in 2026 · 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 8, 2026, October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.