Office · New York, New York
805 Third Avenue
Public CMBS trusts hold $150.0M of the loan on 805 Third Avenue at 4.24% that reaches maturity on December 6, 2029, in 3 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $150,000,000
- Original balance (same notes)
- $150,000,000
- Interest rate
- 4.24% fixed
- Originated
- November 8, 2019
- Maturity
- December 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- June 5, 2029
- Master servicer
- Trimont LLC
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred September 27, 2024, returned February 20, 2025
- Workout strategy
- Resolved
- Modified
- Yes, most recently July 6, 2020
- Defeasance
- None reported
The property
- Address
- 805 Third Avenue, New York, NY 10022
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 596,100 sq ft
- Built
- 1982
- Largest tenants
- MEREDITH CORPORATION; THE GOVERNMENT OF THE REPUBL; Newsmax Media Inc.
- Value at securitization
- $460.0M (Oct 2019)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 2.83x | 1.19x |
| Occupancy | 92% | 58% |
| Net operating income | $18.3M | $7.7M |
| Debt yield | 5.1% |
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 CITIGROUP COMMERCIAL MORTGAGE TRUST 2020-GC46 filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- Largest tenant's lease ends within 12 months
- 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.
What the filing shows
- Occupancy has fallen from 92% when the loan was securitized to 58%.
- Net operating income is 58% below the underwritten figure ($7.7M a year against $18.3M).
- Debt service coverage moved from 2.83x at securitization to 1.19x on the latest statements.
- The filing gives Dec 2026 as the lease end date for the largest tenant (MEREDITH CORPORATION), 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 | $150.0M | Current | No | 1.19x | 58% |
| August 2026 | $150.0M | Current | No | 1.19x | 58% |
| July 2026 | $150.0M | Current | No | 1.19x | 58% |
| June 2026 | $150.0M | Current | No | 1.19x | 58% |
| May 2026 | $150.0M | Current | No | 1.19x | 58% |
| April 2026 | $150.0M | Current | No | 1.19x | 63% |
| March 2026 | $150.0M | Current | No | 1.07x | 58% |
| February 2026 | $150.0M | Current | No | 1.07x | 58% |
| January 2026 | $150.0M | Current | No | 1.07x | 58% |
| December 2025 | $150.0M | Current | No | 1.02x | 57% |
| November 2025 | $150.0M | Current | No | 1.02x | 57% |
| October 2025 | $150.0M | Current | No | 1.02x | 57% |
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 September 27, 2024, returned to the master servicer February 20, 2025.
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
The loan is split into 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2020-IG1 Mortgage Trust | 6 | $55,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-C7 | 3 | $50,000,000 | Sep 2026 | SEC filing, September 30, 2026 |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2020-GC46 | 7 | $45,000,000 | Sep 2026 | SEC filing, September 30, 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.