Other · Yonkers, New York
Palisade Gardens Apartments Corp.
Palisade Gardens Apartments Corp. is financed with a $2.3M CMBS loan at 6.15% that reaches maturity on August 1, 2035, in 8 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $2,321,989
- Original balance (same notes)
- $2,350,000
- Interest rate
- 6.15% fixed
- Originated
- July 30, 2025
- Maturity
- August 1, 2035
- Payments
- Amortizing over 30 years
- Prepayment premium ends
- August 1, 2035
- Master servicer
- NCB
- Originator
- NATIONAL COOPERATIVE BANK N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 150 Glenwood Ave, Yonkers, NY 10703
- Metro
- New York-Newark-Jersey City, NY-NJ
- Units, rooms or beds
- 60
- Built
- 1970, renovated 2020
- Value at securitization
- $15.3M (Jun 2025)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 6.53x | n/a |
| Occupancy | 95% | n/a |
| Net operating income | $1.1M | n/a |
Watch flags
Computed from the Benchmark 2025-B41 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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 | $2.3M | Current | No | n/a | n/a |
| August 2026 | $2.3M | Current | No | n/a | n/a |
| July 2026 | $2.3M | Current | No | n/a | n/a |
| June 2026 | $2.3M | Current | No | n/a | n/a |
| May 2026 | $2.3M | Current | No | n/a | n/a |
| April 2026 | $2.3M | Current | No | n/a | n/a |
| March 2026 | $2.3M | Current | No | n/a | n/a |
| February 2026 | $2.3M | Current | No | n/a | n/a |
| January 2026 | $2.3M | Current | No | n/a | n/a |
| December 2025 | $2.3M | Current | No | n/a | n/a |
| November 2025 | $2.3M | Current | No | n/a | n/a |
| October 2025 | $2.3M | Current | 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 |
|---|---|---|---|---|
| Benchmark 2025-B41 Mortgage Trust | 34 | $2,321,989 | Sep 2026 | SEC filing, September 28, 2026 |
Other New York-Newark-Jersey City loans due in 2035
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 32 Old Slip - Leased Fee | New York, NY | Other | $167.0M | 5.65% | May 2035 | 1.01x | 100% | Current |
| Rentar Plaza | Queens, NY | Mixed use | $160.0M | 5.581% | Jul 2035 | 2.21x | 99% | Current |
| 255 Greenwich | New York, NY | Office | $147.0M | 6.405% | Dec 2035 | n/a | n/a | Current |
| Uovo Qpn | New York, NY | Self storage | $143.0M | 6.485% | Feb 2035 | n/a | n/a | Current |
| 29-33 9th Ave (Soho House) | New York, NY | Mixed use | $135.0M | 6.44% | Feb 2035 | n/a | n/a | Current |
| 512 West 22nd Street | New York, NY | Office | $130.0M | 6.641% | Sep 2035 | 1.57x | 100% | Current |
| 525 7th Avenue | New York, NY | Office | $125.0M | 6.28% | Nov 2035 | n/a | n/a | Current |
| 4 Union Square South | New York, NY | Retail | $120.0M | 5.642% | Sep 2035 | n/a | n/a | 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.