Office · Melville, New York
Melville Corporate Plaza
Melville Corporate Plaza is financed with a $8.4M CMBS loan at 5.13% that reaches maturity on June 11, 2032, in 5 years and 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $8,431,836
- Original balance (same notes)
- $9,000,000
- Interest rate
- 5.13% fixed
- Originated
- May 26, 2022
- Maturity
- June 11, 2032
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- March 10, 2032
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 25 Melville Park Road, Melville, NY 11747
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 98,624 sq ft
- Built
- 1966, renovated 1988
- Largest tenants
- UNITED MORTGAGE INS.; NEW YORK AI TECH INC; NEW HYDE WORK FORCE INC
- Value at securitization
- $20.2M (Apr 2022)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.44x | 1.72x |
| Occupancy | 100% | 90% |
| Net operating income (annualized from 3 months) | $1.4M | $1.0M |
| Debt yield | 12.1% |
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 BANK 2022-BNK43 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
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 100% when the loan was securitized to 90%.
- Net operating income is 29% below the underwritten figure ($1.0M a year against $1.4M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.44x at securitization to 1.72x on the latest statements.
- The filing gives Mar 2026 as the lease end date for the largest tenant (UNITED MORTGAGE INS.), 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 | $8.4M | Current | No | 1.72x | 90% |
| August 2026 | $8.4M | Current | No | 1.72x | 90% |
| July 2026 | $8.5M | Current | No | 1.54x | 90% |
| June 2026 | $8.5M | Current | No | 1.54x | 90% |
| May 2026 | $8.5M | Current | No | 1.68x | 89% |
| April 2026 | $8.5M | Current | No | 1.68x | 89% |
| March 2026 | $8.5M | Current | No | 1.68x | 89% |
| February 2026 | $8.5M | Current | No | 1.68x | 89% |
| January 2026 | $8.5M | Current | No | 1.72x | 100% |
| December 2025 | $8.5M | Current | No | 1.72x | 100% |
| November 2025 | $8.6M | Current | No | 1.72x | 100% |
| October 2025 | $8.6M | Current | No | 1.65x | 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.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2022-BNK43 | 24 | $8,431,836 | Sep 2026 | SEC filing, September 29, 2026 |
Other New York-Newark-Jersey City loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 601 Lexington Avenue | New York, NY | Office | $573.3M | 2.792% | Jan 2032 | n/a | n/a | Current |
| 79 Fifth Avenue | New York, NY | Office | $240.0M | 4.92% | May 2032 | 0.93x | 99% | Current |
| Bell Works | Holmdel, NJ | Office | $210.0M | 5.11% | May 2032 | n/a | n/a | Current |
| 333 River Street | Hoboken, NJ | Multifamily | $125.0M | 2.315% | Jan 2032 | 7.49x | 98% | Current |
| 2 Riverfront Plaza | Newark, NJ | Office | $110.0M | 4.26% | Jan 2032 | 2.40x | 100% | Current |
| Rose Castle Apartments | Brooklyn, NY | Multifamily | $105.0M | 4.045% | Mar 2032 | 1.84x | 100% | Current |
| 330 West 34th Street Leased Fee | New York, NY | Mixed use | $100.0M | 4.55% | Sep 2032 | n/a | n/a | Current |
| 469 7th Avenue | New York, NY | Mixed use | $98.0M | 6.03% | Sep 2032 | 1.86x | 100% | 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.