Other · Rchmond Hill, New York
86-10 Owners Corp.
86-10 109th Street, Rchmond Hill, NY · Google Maps
BANK 2021-BNK38's 10-D report of October 19, 2026 lists the CMBS loan on 86-10 Owners Corp. with $2.3M outstanding at 3.08%, paid through October 1, 2026; it reaches maturity on November 1, 2031. The trust's monthly asset file has left the loan out since March 2022, so the other figures here are from the last one that listed it, for the period ending February 11, 2022, and the loan has no current status.
The loan
- Balance on the 10-D of October 19, 2026
- $2,337,087
- Paid through, on the 10-D
- October 1, 2026
- Balance on the asset file for Feb 2022
- $2,492,461
- Original balance (same notes)
- $2,500,000
- Interest rate
- 3.08% fixed
- Originated
- October 29, 2021
- Maturity
- November 1, 2031
- Payments
- Amortizing over 40 years
- Prepayment premium ends
- July 31, 2031
- Master servicer
- NCB
- Originator
- National Cooperative Bank, N.A.
Status on the asset file for Feb 2022
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
What the trust's asset file said for the period ending February 11, 2022. Its later files leave the loan out, so nothing newer is known here beyond the 10-D's paid-through date, October 1, 2026. Why.
The property
- Address
- 86-10 109th Street, Rchmond Hill, NY 11418
- Metro
- New York-Newark-Jersey City, NY-NJ
- Units, rooms or beds
- 53
- Built
- 1927, renovated 2011
- Value at securitization
- $12.2M (Jul 2021)
Performance
| Measure | At securitization | Latest (Jul 2021) |
|---|---|---|
| DSCR (NOI) | 4.37x | 4.37x |
| Occupancy | 93% | 93% |
| Net operating income | $475K | $475K |
| Debt yield | 20.3% |
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.
Comparable loans: other properties in New York-Newark-Jersey City, NY-NJ, with NOI, occupancy and value.
Watch flags
None: the trust's latest asset file leaves this loan out, so there is no current filing to read them from. The loan counts in no list, total or watch figure on this site until a filing lists it again.
Who is behind this loan
- Parties and contacts named by the trust
- Shown with Pro
Source: SEC Form 10-D, Exhibit 99.1 distribution statement, filed Oct 2026.
Refinance test on today's income
The latest annual NOI in the filing is $475K, a debt yield of 20.3% on $2.3M. Lenders often size a new loan so NOI is at least 9% to 10% of the loan amount.
| Debt yield a lender requires | Largest loan | Against today's balance |
|---|---|---|
| 9% | $5.3M | $2.9M of room |
| 10% | $4.8M | $2.4M of room |
Arithmetic on the filed NOI only: no rates, reserves, cap rates or lender terms. NOI can be a year old; see the statement dates above.
Refinance and early payoff, at today's rates
This estimate uses today's Treasury curve and needs JavaScript.
Rough estimates, not quotes. New loan: the filed NOI divided by the coverage you set, at the Treasury yield for the term plus your spread. Early payoff: the present value of the remaining scheduled payments to the open date at today's Treasury yields, less the balance, which is roughly what defeasance or yield maintenance costs. Loan documents, fees and the securities bought change the real number. Treasury yields: U.S. Treasury daily par curve.
Where the loan sits
One trust holds this loan in the data.
| Trust | Asset no. in that trust | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2021-BNK38 | 49 | $2,337,087on the 10-D of October 19, 2026, paid through October 1, 2026 | Feb 2022the last asset file to list it | SEC filing, March 3, 2022; 10-D |
BANK 2021-BNK38's monthly asset file leaves out the note marked above, since March 2022, while the trust's 10-D still reports it. Its balance is the 10-D's; its other figures are from the last asset file that listed it. Why.
Other New York-Newark-Jersey City loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 535-545 Fifth Avenue | New York, NY | Mixed use | $309.3M | 7.06% | Jan 2031 | 1.23x | 89% | Current |
| 375 Pearl Street | New York, NY | Office | $220.0M | 3.368% | Jun 2031 | 2.15x | 100% | Current |
| Park Avenue Plaza | New York, NY | Office | $180.0M | 2.837% | Nov 2031 | 3.70x | 100% | Current |
| 15 West 47th Street and 2 other properties | New York, NY | Office | $141.0M | 3.51% | Jan 2031 | n/a | n/a | Current |
| Journal Squared Tower 2 | Jersey City, NJ | Multifamily | $133.5M | 3.49% | Dec 2031 | 3.24x | 94% | Current |
| 2 Washington Street | New York, NY | Multifamily | $131.5M | 3.45% | Aug 2031 | 2.91x | 100% | With the special servicer and 90+ days delinquent |
| 1 Willoughby Square | Brooklyn, NY | Office | $125.0M | 6.786% | Jan 2031 | 0.97x | 91% | Current |
| The Arches and 5 other properties | Bronx, NY | Other | $120.0M | 5.436% | Feb 2031 | n/a | n/a | Current |
All loans maturing in 2031 · 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 February 11, 2022, and the trust's 10-D report of October 19, 2026 for the balance and paid-through date. Servicers report these figures; cmbs.news does not audit them. How this page is built.