Mixed use · Brooklyn, New York
839 Broadway
839 Broadway is financed with a $22.0M CMBS loan at 5.18% that reaches maturity on May 6, 2029, in 2 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $22,000,000
- Original balance (same notes)
- $23,500,000
- Interest rate
- 5.18% fixed
- Originated
- April 8, 2019
- Maturity
- May 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- March 5, 2029
- Master servicer
- Trimont LLC
- Originator
- Argentic Real Estate Finance LLC
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- Transferred March 22, 2021, returned June 2, 2023
- Workout strategy
- Resolved
- Defeasance
- None reported
The property
- Address
- 839 Broadway, Brooklyn, NY 11206
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 46,228 sq ft
- Built
- 1931, renovated 2019
- Largest tenants
- Bond Collective CoworksRS; LLC PETRICHOR; Bushwick LLC Space
- Value at securitization
- $32.5M (Mar 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.79x | 0.64x |
| Occupancy | 92% | 100% |
| Net operating income (annualized from 6 months) | $1.8M | $745K |
| Debt yield | 3.4% |
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 Wells Fargo Commercial Mortgage Trust 2019-C50 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 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 92% when the loan was securitized to 100%.
- Net operating income is 59% below the underwritten figure ($745K a year against $1.8M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.79x at securitization to 0.64x on the latest statements.
- At 0.64x, the property's reported NOI does not cover its debt service.
- The most recent valuation in the filing is $22.7M (November 23, 2022), against $32.5M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $22.0M | Late payment but less than 30 days delinquent | No | 0.64x | 100% |
| August 2026 | $22.0M | Late payment but less than 30 days delinquent | No | 0.81x | 100% |
| July 2026 | $22.0M | Late payment but less than 30 days delinquent | No | 0.95x | 100% |
| June 2026 | $22.0M | Late payment but less than 30 days delinquent | No | 0.95x | 100% |
| May 2026 | $22.0M | Late payment but less than 30 days delinquent | No | 0.97x | 100% |
| April 2026 | $22.0M | Late payment but less than 30 days delinquent | No | 0.97x | 100% |
| March 2026 | $22.0M | Late payment but less than 30 days delinquent | No | 0.97x | 100% |
| February 2026 | $22.0M | Late payment but less than 30 days delinquent | No | 0.97x | 100% |
| January 2026 | $22.0M | Late payment but less than 30 days delinquent | No | 0.97x | 100% |
| December 2025 | $22.0M | Late payment but less than 30 days delinquent | No | 0.97x | 100% |
| November 2025 | $22.0M | Late payment but less than 30 days delinquent | No | 0.97x | 100% |
| October 2025 | $22.0M | Late payment but less than 30 days delinquent | No | 0.97x | 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 March 22, 2021, returned to the master servicer June 2, 2023.
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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2019-C50 | 15 | $22,000,000 | Sep 2026 | SEC filing, September 29, 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.