Mixed use · New York, New York
Essex Crossing
Public CMBS trusts hold $15.7M of the loan on Essex Crossing at 6.87% that reaches maturity on January 1, 2028, in 14 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $15,690,000
- Original balance (same notes)
- $15,690,000
- Interest rate
- 6.87% fixed
- Originated
- December 23, 2022
- Maturity
- January 1, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- June 30, 2027
- Master servicer
- Midland Loan Services
- Originator
- Goldman Sachs Bank USA
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 175 Delancey Street, New York, NY 10002
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 83,348 sq ft
- Built
- 2016
- Largest tenants
- NYU Hospitals Center; Grand Street Settlement Inc.; Henry Street Settlement
- Value at securitization
- $62.6M (Oct 2022)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.33x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $3.8M | n/a |
Watch flags
Computed from the FIVE 2023-V1 Mortgage Trust filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $15.7M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| August 2026 | $15.7M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| July 2026 | $15.7M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| June 2026 | $15.7M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| May 2026 | $15.7M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| April 2026 | $15.7M | Late payment but less than 30 days delinquent | No | 1.47x | 100% |
| March 2026 | $15.7M | Late payment but less than 30 days delinquent | No | 1.47x | 100% |
| February 2026 | $15.7M | Late payment but less than 30 days delinquent | No | 1.47x | 100% |
| January 2026 | $15.7M | Late payment but less than 30 days delinquent | No | 1.47x | 100% |
| December 2025 | $15.7M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| November 2025 | $15.7M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| October 2025 | $15.7M | 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| FIVE 2023-V1 Mortgage Trust | 19 | $15,690,000 | Sep 2026 | SEC filing, September 25, 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 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.