Retail · Ardsley, New York
Ardsley Town Center
Ardsley Town Center is financed with a $14.0M CMBS loan at 4.88% that reaches maturity on June 11, 2028, in 19 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $14,000,000
- Original balance (same notes)
- $14,000,000
- Interest rate
- 4.88% fixed
- Originated
- June 1, 2018
- Maturity
- June 11, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ended
- September 10, 2020
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 875 Saw Mill River Road, Ardsley, NY 10502
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 37,210 sq ft
- Built
- 1968, renovated 2017
- Largest tenants
- La Catena Aredstey Ristorante LLC; United States Postal Service; JPMorgan Chase Bank N.A.
- Value at securitization
- $22.3M (Apr 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.69x | 1.34x |
| Occupancy | 94% | 74% |
| Net operating income (annualized from 6 months) | $1.2M | $931K |
| Debt yield | 6.7% |
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 2018-C46 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
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 94% when the loan was securitized to 74%.
- Net operating income is 20% below the underwritten figure ($931K a year against $1.2M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.69x at securitization to 1.34x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $14.0M | Current | No | 1.34x | 74% |
| August 2026 | $14.0M | Current | No | 1.34x | 74% |
| July 2026 | $14.0M | Current | No | 1.11x | 74% |
| June 2026 | $14.0M | Current | No | 1.11x | 74% |
| May 2026 | $14.0M | Current | No | 1.56x | 74% |
| April 2026 | $14.0M | Current | No | 1.56x | 74% |
| March 2026 | $14.0M | Current | No | 1.70x | 74% |
| February 2026 | $14.0M | Current | No | 1.70x | 74% |
| January 2026 | $14.0M | Late payment but less than 30 days delinquent | No | 1.70x | 74% |
| December 2025 | $14.0M | Current | No | 1.70x | 74% |
| November 2025 | $14.0M | Current | No | 1.70x | 100% |
| October 2025 | $14.0M | Current | No | 1.70x | 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2018-C46 | 15 | $14,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other New York-Newark-Jersey City loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| One SoHo Square | New York, NY | Office | $469.0M | 2.725% | Aug 2028 | 1.78x | 85% | With the special servicer |
| 11 West 42nd Street | New York, NY | Office | $274.0M | 7.44% | Jul 2028 | 1.27x | 99% | Current |
| Harborside 2-3 | Jersey City, NJ | Office | $225.0M | 5.84% | Apr 2028 | 2.29x | 76% | Current |
| 3 Park Avenue | New York, NY | Office | $182.0M | 4.75% | Dec 2028 | 0.61x | 47% | Current |
| Gateway Center South | Brooklyn, NY | Retail | $162.5M | 6.873% | Jun 2028 | 1.69x | 98% | Current |
| 685 Fifth Avenue Retail | New York, NY | Retail | $160.0M | 3.871% | Jul 2028 | 3.13x | 100% | With the special servicer |
| 1745 Broadway | New York, NY | Office | $144.0M | 3.768% | Jun 2028 | 2.52x | 88% | Current |
| 65 Broadway, New York (2028 maturity), loan 4Sb in CF 2019-CF1 Mortgage Trust | New York, NY | Office | $136.0M | 4.935% | Dec 2028 | n/a | n/a | Current |
All loans maturing in 2028 · 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.