Office · Rosedale, New York
Cross Island Plaza
Public CMBS trusts hold $42.5M of the loan on Cross Island Plaza at 6.605% that reaches maturity on May 6, 2033, in 6 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer.
The loan
- Balance in tracked trusts
- $42,500,000
- Original balance (same notes)
- $42,500,000
- Interest rate
- 6.605% fixed
- Originated
- May 2, 2023
- Maturity
- May 6, 2033
- Payments
- Interest only for the full term
- Prepayment lockout ends
- February 5, 2033
- Master servicer
- Midland
- Originator
- Bank of Montreal
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred November 7, 2025
- Workout strategy
- Other
- Defeasance
- None reported
The property
- Address
- 133-33 Brookville Boulevard 241-02 Merrick Blvd, Rosedale, NY 11422
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 269,893 sq ft
- Built
- 1982
- Largest tenants
- OEC Freight; Schenker Inc.; Kocher & Associates
- Value at securitization
- $75.9M (Feb 2023)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.62x | n/a |
| Occupancy | 91% | n/a |
| Net operating income | $4.6M | n/a |
Watch flags
Computed from the BBCMS 2023-C20 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
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.
What the filing shows
- The filing gives May 2025 as the lease end date for the largest tenant (OEC Freight), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $42.5M | Current | Yes | 1.65x | 82% |
| August 2026 | $42.5M | Late payment but less than 30 days delinquent | Yes | 1.65x | 82% |
| July 2026 | $42.5M | 60-89 days delinquent | Yes | 1.65x | 82% |
| June 2026 | $42.5M | 30-59 days delinquent | Yes | 1.65x | 82% |
| May 2026 | $42.5M | Late payment but less than 30 days delinquent | Yes | 1.65x | 82% |
| April 2026 | $42.5M | Current | Yes | 1.56x | 80% |
| March 2026 | $42.5M | Current | Yes | 1.56x | 80% |
| February 2026 | $42.5M | Current | Yes | 1.56x | 80% |
| January 2026 | $42.5M | Late payment but less than 30 days delinquent | Yes | 1.56x | 80% |
| December 2025 | $42.5M | Current | Yes | 1.56x | 80% |
| November 2025 | $42.5M | Current | Yes | 1.56x | 80% |
| October 2025 | $42.5M | Current | No | 1.50x | 82% |
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 November 7, 2025, 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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BMO 2023-C5 Mortgage Trust | 8 | $30,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BBCMS 2023-C20 | 23-A-2 | $12,500,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other New York-Newark-Jersey City loans due in 2033
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 60 Hudson | New York, NY | Other | $280.0M | 5.885% | Oct 2033 | 3.69x | 64% | Current |
| 100 Jefferson Road | Parsippany, NJ | Industrial | $67.5M | 7.26% | Apr 2033 | 1.57x | 100% | Current |
| 2 Executive | Fort Lee, NJ | Mixed use | $54.5M | 6.219% | Apr 2033 | n/a | 93% | With the special servicer and 90+ days delinquent |
| 2136/2138 Honeywell Avenue a/k/a 901/903 E 181st St | Bronx, NY | Multifamily | $36.0M | 7.25% | Dec 2033 | n/a | n/a | Current |
| 100 Jefferson | Parsippany, NJ | Industrial | $30.0M | 7.26% | Apr 2033 | n/a | n/a | Current |
| 500 Mamaroneck | Harrison, NY | Office | $29.5M | 6.83% | Apr 2033 | 0.74x | 100% | Current |
| 175 E 62nd Street | New York, NY | Multifamily | $25.0M | 2.295% | Sep 2033 | 5.22x | 100% | Current |
| 315 5th Avenue | New York, NY | Mixed use | $25.0M | 6.55% | Jan 2033 | 0.80x | 96% | Current |
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.