Mixed use · Bronx, New York
Bay Plaza Community Center
Public CMBS trusts hold $280.0M of the loan on Bay Plaza Community Center at 6.13% that reaches maturity on October 1, 2029, in 2 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $280,000,000
- Original balance (same notes)
- $280,000,000
- Interest rate
- 6.13% fixed
- Originated
- September 17, 2024
- Maturity
- October 1, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- October 31, 2026
- Prepayment premium ends
- March 31, 2029 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- JPMCB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 2100 Bartow Avenue, Bronx, NY 10475
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 568,813 sq ft
- Built
- 1988, renovated 2023
- Largest tenants
- Stop & Shop; AMC; UNITED FEDERATION OF TEACHERS
- Value at securitization
- $470.0M (Jul 2024)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.61x | 1.51x |
| Occupancy | 90% | 84% |
| Net operating income | $28.1M | $26.2M |
| Debt yield | 9.4% |
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 BANK5 2024-5YR11 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
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 90% when the loan was securitized to 84%.
- Net operating income is 7% below the underwritten figure ($26.2M a year against $28.1M).
- Debt service coverage moved from 1.61x at securitization to 1.51x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $280.0M | Current | No | 1.51x | 84% |
| August 2026 | $280.0M | Current | No | 1.51x | 84% |
| July 2026 | $280.0M | Current | No | 1.51x | 84% |
| June 2026 | $280.0M | Current | No | 1.51x | 84% |
| May 2026 | $280.0M | Current | No | 1.45x | 84% |
| April 2026 | $280.0M | Current | No | 1.45x | 84% |
| March 2026 | $280.0M | Current | No | 1.45x | 84% |
| February 2026 | $280.0M | Current | No | 1.45x | 84% |
| January 2026 | $280.0M | Current | No | 1.45x | 84% |
| December 2025 | $280.0M | Current | No | 1.53x | 95% |
| November 2025 | $280.0M | Current | No | 1.53x | 95% |
| October 2025 | $280.0M | Late payment but less than 30 days delinquent | No | n/a | n/a |
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
The loan is split into 6 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK5 2024-5YR10 | 1 | $83,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| Wells Fargo Commercial Mortgage Trust 2024-5C2 | 1 | $69,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BANK5 2024-5YR11 | 1 | $67,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BANK5 2024-5YR12 | 8A | $40,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK5 2024-5YR12 | 8 | $11,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK5 2024-5YR11 | 1A | $10,000,000 | Sep 2026 | SEC filing, October 1, 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.