Multifamily · New York, New York
River House Coop
River House Coop is financed with a $48.2M CMBS loan at 2.375% that reaches maturity on July 1, 2031, in 4 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $48,189,066
- Original balance (same notes)
- $55,000,000
- Interest rate
- 2.375% fixed
- Originated
- June 18, 2021
- Maturity
- July 1, 2031
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- March 31, 2031
- Master servicer
- Trimont LLC
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 435 East 52nd Street Aka 433-449 East 52nd Street, New York, NY 10022
- Metro
- New York-Newark-Jersey City, NY-NJ
- Units, rooms or beds
- 75
- Built
- 1931, renovated 2011
- Value at securitization
- $517.4M (May 2021)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 3.57x | 0.25x |
| Occupancy | 95% | 100% |
| Net operating income (annualized from 3 months) | $9.2M | $638K |
| Debt yield | 1.3% |
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 2021-BNK35 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in every report since August 2026.
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 risen from 95% when the loan was securitized to 100%.
- Net operating income is 93% below the underwritten figure ($638K a year against $9.2M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 3.57x at securitization to 0.25x on the latest statements.
- At 0.25x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $48.2M | Current | No | 0.25x | 100% |
| August 2026 | $48.3M | Current | No | 0.25x | 100% |
| July 2026 | $48.4M | Current | No | 1.29x | 100% |
| June 2026 | $48.5M | Current | No | 1.29x | 100% |
| May 2026 | $48.7M | Current | No | 1.36x | 100% |
| April 2026 | $48.8M | Current | No | 1.36x | 100% |
| March 2026 | $48.9M | Current | No | 1.36x | 100% |
| February 2026 | $49.0M | Current | No | 1.36x | 100% |
| January 2026 | $49.1M | Current | No | 1.36x | 100% |
| December 2025 | $49.2M | Current | No | 0.72x | 100% |
| November 2025 | $49.3M | Current | No | 0.72x | 100% |
| October 2025 | $49.5M | Current | No | 0.72x | 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 2021-BNK35 | 4 | $48,189,066 | Sep 2026 | SEC filing, October 1, 2026 |
Other New York-Newark-Jersey City loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 375 Pearl Street | New York, NY | Office | $220.0M | 3.368% | Jun 2031 | 2.15x | 100% | Current |
| Park Avenue Plaza | New York, NY | Office | $180.0M | 2.837% | Nov 2031 | 3.70x | 100% | Current |
| 535-545 Fifth Avenue | New York, NY | Mixed use | $179.6M | 7.06% | Jan 2031 | n/a | n/a | Current |
| 15 West 47th Street | New York, NY | Office | $141.0M | 3.51% | Jan 2031 | n/a | n/a | Current |
| 2 Washington Street | New York, NY | Multifamily | $131.5M | 3.45% | Aug 2031 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 535 & 545 5th Avenue | New York, NY | Mixed use | $129.7M | 7.06% | Jan 2031 | n/a | n/a | Current |
| 1 Willoughby Square | Brooklyn, NY | Office | $125.0M | 6.786% | Jan 2031 | 0.97x | 91% | Current |
| The Arches | Bronx, NY | Other | $120.0M | 5.436% | Feb 2031 | n/a | n/a | Current |
All loans maturing in 2031 · 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 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.