Office · Garden City, New York
900 and 990 Stewart Avenue
Public CMBS trusts hold $84.0M of the loan on 900 and 990 Stewart Avenue at 4.49% that reaches maturity on August 1, 2027, in 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $84,000,000
- Original balance (same notes)
- $84,000,000
- Interest rate
- 4.49% fixed
- Originated
- July 25, 2019
- Maturity
- August 1, 2024; extended by modification to August 1, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ended
- September 30, 2021
- Prepayment premium ends
- May 31, 2024 (yield maintenance)
- Master servicer
- Midland
- Originator
- JPMorgan Chase Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred August 6, 2024, returned August 13, 2026
- Workout strategy
- Resolved
- Modified
- Yes, most recently August 1, 2024
- Defeasance
- Partly defeased
The property
- Address
- 900 and 990 Stewart Avenue, Garden City, NY 11530
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 462,685 sq ft
- Built
- 1987, renovated 2018
- Largest tenants
- Garfunkel Wild; Wright Risk Management; Meyer Suozzi
- Value at securitization
- $121.4M (May 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.01x | 1.34x |
| Occupancy | 89% | 80% |
| Net operating income (annualized from 3 months) | $7.7M | $5.2M |
| Debt yield | 6.2% |
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 Benchmark 2019-B14 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
- Matures 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 89% when the loan was securitized to 80%.
- Net operating income is 33% below the underwritten figure ($5.2M a year against $7.7M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.01x at securitization to 1.34x on the latest statements.
- The most recent valuation in the filing is $61.1M (April 7, 2026), against $121.4M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $84.0M | Current | No | 1.34x | 80% |
| August 2026 | $84.0M | Current | Yes | n/a | n/a |
| July 2026 | $84.0M | Current | Yes | n/a | n/a |
| June 2026 | $84.0M | Current | Yes | n/a | n/a |
| May 2026 | $84.0M | Non performing matured balloon | Yes | n/a | n/a |
| April 2026 | $84.0M | Performing matured balloon | Yes | 1.54x | 78% |
| March 2026 | $84.0M | Performing matured balloon | Yes | 1.54x | 78% |
| February 2026 | $84.0M | Performing matured balloon | Yes | 1.54x | 78% |
| January 2026 | $84.0M | Performing matured balloon | Yes | 1.74x | 78% |
| December 2025 | $84.0M | Performing matured balloon | Yes | 1.74x | 78% |
| November 2025 | $84.0M | Performing matured balloon | Yes | 1.80x | 80% |
| October 2025 | $84.0M | Performing matured balloon | Yes | 1.80x | 80% |
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 August 6, 2024, returned to the master servicer August 13, 2026.
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 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2019-B13 Mortgage Trust | 6 | $45,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| Benchmark 2019-B14 Mortgage Trust | 11 | $39,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other New York-Newark-Jersey City loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| General Motors Building | New York, NY | Mixed use | $726.3M | 3.43% | Jun 2027 | 2.58x | 99% | Current |
| 245 Park Avenue | New York, NY | Office | $700.0M | 3.669% | Jun 2027 | 2.08x | 97% | Current |
| Yorkshire Towers | New York, NY | Multifamily | $318.0M | 3.04% | Jun 2027 | n/a | n/a | Current |
| Olympic Tower | New York, NY | Mixed use | $280.0M | 3.954% | May 2027 | n/a | n/a | Current |
| 85 Broad Street | New York, NY | Office | $241.0M | 3.693% | Jun 2027 | 2.28x | 62% | With the special servicer |
| 225 & 233 Park Avenue South | New York, NY | Office | $235.0M | 3.651% | Jun 2027 | -0.14x | 29% | Current |
| Worldwide Plaza | New York, NY | Office | $235.0M | 3.605% | Nov 2027 | 1.49x | 62% | With the special servicer and 90+ days delinquent |
| 237 Park Avenue | New York, NY | Office | $215.4M | 3.752% | Aug 2027 | 3.71x | 89% | Current |
All loans maturing in 2027 · 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.