Retail · Rockaway, New Jersey
Rockaway Commons
Rockaway Commons is financed with a $8.9M CMBS loan at 4.75% that reaches maturity on December 6, 2028, in 2 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $8,870,091
- Original balance (same notes)
- $10,000,000
- Interest rate
- 4.75% fixed
- Originated
- December 7, 2018
- Maturity
- December 6, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- June 5, 2028
- Master servicer
- Trimont LLC
- Originator
- Rialto Mortgage Finance, LLC
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred December 9, 2024
- Workout strategy
- Foreclosure
- Defeasance
- None reported
The property
- Address
- 204-212 Route 46, Rockaway, NJ 07866
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 86,615 sq ft
- Built
- 2006
- Largest tenants
- H K Furniture; Aldi Food Store; Walgreens
- Value at securitization
- $19.0M (Nov 2018)
Performance
| At securitization | Latest (Jun 2024) | |
|---|---|---|
| DSCR (NOI) | 2.07x | 2.31x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $1.3M | $1.4M |
| Debt yield | 16.3% |
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 Wells Fargo Commercial Mortgage Trust 2019-C49 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 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
- Net operating income is 12% above the underwritten figure ($1.4M a year against $1.3M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.07x at securitization to 2.31x on the latest statements.
- The most recent valuation in the filing is $25.7M (March 4, 2026), against $19.0M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $8.9M | 90+ days delinquent | Yes | 2.31x | 100% |
| August 2026 | $8.9M | 90+ days delinquent | Yes | 2.31x | 100% |
| July 2026 | $8.9M | 90+ days delinquent | Yes | 2.31x | 100% |
| June 2026 | $8.9M | 90+ days delinquent | Yes | 2.31x | 100% |
| May 2026 | $8.9M | 90+ days delinquent | Yes | 2.31x | 100% |
| April 2026 | $8.9M | 90+ days delinquent | Yes | 2.31x | 100% |
| March 2026 | $8.9M | 90+ days delinquent | Yes | 2.31x | 100% |
| February 2026 | $8.9M | 90+ days delinquent | Yes | 2.31x | 100% |
| January 2026 | $8.9M | 90+ days delinquent | Yes | 2.31x | 100% |
| December 2025 | $8.9M | 90+ days delinquent | Yes | 2.31x | 100% |
| November 2025 | $8.9M | 60-89 days delinquent | Yes | 2.31x | 100% |
| October 2025 | $8.9M | 30-59 days delinquent | Yes | 2.31x | 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.
Special-servicing history
- Transferred to the special servicer December 9, 2024, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2019-C49 | 28 | $8,870,091 | Sep 2026 | SEC filing, September 29, 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 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.