Other · New York, New York
Madison Court Apartment Corp.
1787 Madison Avenue a/k/a 1783-1795 Madison Avenue a/k/a 50 East 118th Street, New York, NY · Google Maps
Madison Court Apartment Corp. is financed with a $5.5M CMBS loan at 6.78% that reaches maturity on July 1, 2033, in 6 years and 8 months. As of the Nov 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $5,484,143
- Original balance (same notes)
- $5,500,000
- Interest rate
- 6.78% fixed
- Originated
- June 30, 2026
- Maturity
- July 1, 2033
- Payments
- Amortizing over 30 years
- Prepayment premium ends
- March 30, 2033
- Master servicer
- National Cooperative Bank
- Originator
- National Cooperative Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 1787 Madison Avenue a/k/a 1783-1795 Madison Avenue a/k/a 50 East 118th Street, New York, NY 10035
- Metro
- New York-Newark-Jersey City, NY-NJ
- Units, rooms or beds
- 94
- Built
- 2003
- Value at securitization
- $57.2M (Jun 2026)
Performance
| Measure | At securitization | Latest |
|---|---|---|
| DSCR (NOI) | 6.06x | n/a |
| Occupancy | 95% | n/a |
| Net operating income | $2.6M | n/a |
Comparable loans: other properties in New York-Newark-Jersey City, NY-NJ, with NOI, occupancy and value.
Watch flags
Computed from the Benchmark 2026-B44 Mortgage Trust filing for the reporting period ending November 12, 2026, filed with the SEC November 3, 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.
Operating statement
| Annual | At securitization | Latest | Per unit |
|---|---|---|---|
| Revenue | $4.7M | n/a | |
| Operating expenses | $2.1M | n/a | |
| Net operating income | $2.6M | n/a | |
| Net cash flow | $2.6M | n/a | |
| Expense ratio | 44.1% | n/a |
From the servicer's Schedule AL report; 94 units.
Refinance and early payoff, at today's rates
This estimate uses today's Treasury curve and needs JavaScript.
Rough estimates, not quotes. New loan: the filed NOI divided by the coverage you set, at the Treasury yield for the term plus your spread. Early payoff: the present value of the remaining scheduled payments to the open date at today's Treasury yields, less the balance, which is roughly what defeasance or yield maintenance costs. Loan documents, fees and the securities bought change the real number. Treasury yields: U.S. Treasury daily par curve.
Where the loan sits
One trust holds this loan in the data.
| Trust | Asset no. in that trust | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2026-B44 Mortgage Trust | 35 | $5,484,143 | Nov 2026 | SEC filing, November 3, 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 | Parsippany, NJ | Industrial | $97.5M | 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 |
| Cross Island Plaza | Rosedale, NY | Office | $42.5M | 6.605% | May 2033 | 1.65x | 82% | With the special servicer |
| 2136/2138 Honeywell Avenue a/k/a 901/903 E 181st St | Bronx, NY | Multifamily | $36.0M | 7.25% | Dec 2033 | 1.22x | 100% | 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 November 12, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.