Multifamily portfolio, 7 properties · Brooklyn, New York
Brooklyn Multi Portfolio
This portfolio is financed with a $22.5M CMBS loan at 3.77% that reaches maturity on August 6, 2031, in 4 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $22,500,000
- Original balance (same notes)
- $22,500,000
- Interest rate
- 3.77% fixed
- Originated
- July 20, 2021
- Maturity
- August 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- June 5, 2031
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred January 26, 2026
- Workout strategy
- Other
- Defeasance
- None reported
The property
- Address
- 4219 15th Avenue, Brooklyn, NY 11219
- Metro
- New York-Newark-Jersey City, NY-NJ
- Value at securitization
- $34.2M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $1.7M | n/a |
Watch flags
Computed from the Benchmark 2021-B28 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in every report since November 2025.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Brooklyn Multi Portfolio | Brooklyn, NY | Multifamily | n/a | n/a |
| Park Place Property | Brooklyn, NY | Multifamily | n/a | n/a |
| Claver Place Property | Brooklyn, NY | Multifamily | n/a | n/a |
| New York Ave Property | Brooklyn, NY | Multifamily | n/a | n/a |
| Kosciuszko Street Property | Brooklyn, NY | Multifamily | n/a | n/a |
| DeKalb Ave Property | Brooklyn, NY | Multifamily | n/a | n/a |
| Albany Ave Property | Brooklyn, NY | Multifamily | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $22.5M | 90+ days delinquent | Yes | n/a | n/a |
| August 2026 | $22.5M | 60-89 days delinquent | Yes | n/a | n/a |
| July 2026 | $22.5M | 30-59 days delinquent | Yes | n/a | n/a |
| June 2026 | $22.5M | Late payment but less than 30 days delinquent | Yes | n/a | n/a |
| May 2026 | $22.5M | 90+ days delinquent | Yes | n/a | n/a |
| April 2026 | $22.5M | 90+ days delinquent | Yes | 1.27x | 100% |
| March 2026 | $22.5M | 90+ days delinquent | Yes | 2.02x | 100% |
| February 2026 | $22.5M | 90+ days delinquent | Yes | 2.03x | 100% |
| January 2026 | $22.5M | 60-89 days delinquent | No | 2.03x | 100% |
| December 2025 | $22.5M | 60-89 days delinquent | No | 2.03x | 100% |
| November 2025 | $22.5M | 30-59 days delinquent | No | 2.03x | 100% |
| October 2025 | $22.5M | Late payment but less than 30 days delinquent | No | 2.03x | 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 January 26, 2026, still there.
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 |
|---|---|---|---|---|
| Benchmark 2021-B28 Mortgage Trust | 24 | $22,500,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other New York-Newark-Jersey City loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 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 |
| 535-545 Fifth Avenue | New York, NY | Mixed use | $179.6M | 7.06% | Jan 2031 | n/a | n/a | Current |
| 15 West 47th Street | New York, NY | Office | $141.0M | 3.51% | Jan 2031 | n/a | n/a | Current |
| 2 Washington Street | New York, NY | Multifamily | $131.5M | 3.45% | Aug 2031 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 535 & 545 5th Avenue | New York, NY | Mixed use | $129.7M | 7.06% | Jan 2031 | n/a | n/a | Current |
| 1 Willoughby Square | Brooklyn, NY | Office | $125.0M | 6.786% | Jan 2031 | 0.97x | 91% | Current |
| The Arches | 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 September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.