Retail · Elizabeth, New Jersey
Stop & Shop Elizabeth
Stop & Shop Elizabeth is financed with a $11.8M CMBS loan at 6.35% that reaches maturity on October 5, 2034, in 7 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $11,750,000
- Original balance (same notes)
- $11,750,000
- Interest rate
- 6.35% fixed
- Originated
- October 3, 2024
- Maturity
- October 5, 2034
- Payments
- Interest only for the full term
- Master servicer
- KeyBank Real Estate Capital
- Originator
- 3650 REIT 2
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 801 Newark Avenue, Elizabeth, NJ 7208
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 54,416 sq ft
- Built
- 1999
- Largest tenants
- Stop & Shop
- Value at securitization
- $23.5M (Aug 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.87x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | n/a | $1.4M |
| 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 BMO 2024-C10 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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.
What the filing shows
- The filing gives Apr 2029 as the lease end date for the largest tenant (Stop & Shop), 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 | $11.8M | Not reported | No | 1.87x | 100% |
| August 2026 | $11.8M | Not reported | No | 1.87x | 100% |
| July 2026 | $11.8M | Not reported | No | 1.89x | 100% |
| June 2026 | $11.8M | Not reported | No | 1.89x | 100% |
| May 2026 | $11.8M | Not reported | No | 1.87x | 100% |
| April 2026 | $11.8M | Not reported | No | 1.87x | 100% |
| March 2026 | $11.8M | Not reported | No | 1.87x | 100% |
| February 2026 | $11.8M | Not reported | No | 1.87x | 100% |
| January 2026 | $11.8M | Not reported | No | 1.87x | 100% |
| December 2025 | $11.8M | Not reported | No | 1.87x | 100% |
| November 2025 | $11.8M | Not reported | No | 1.87x | 100% |
| October 2025 | $11.8M | Not reported | No | 1.83x | 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 |
|---|---|---|---|---|
| BMO 2024-C10 Mortgage Trust | 22 | $11,750,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other New York-Newark-Jersey City loans due in 2034
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Newport Centre | Jersey City, NJ | Retail | $108.0M | 5.437% | Sep 2034 | 2.75x | 95% | Current |
| 680 Madison | New York, NY | Retail | $80.0M | 6.702% | Jun 2034 | 1.74x | 97% | Current |
| Newport Centre Mall | Jersey City, NJ | Retail | $80.0M | 5.437% | Sep 2034 | 2.73x | 94% | Current |
| Mercer Square Owners Corp. | New York, NY | Other | $43.0M | 6.03% | Aug 2034 | n/a | n/a | Current |
| 680 Madison Avenue | New York, NY | Retail | $40.0M | 6.702% | Jun 2034 | 1.74x | 97% | Current |
| 330 West 38th Street | New York, NY | Office | $37.5M | 6.06% | Nov 2034 | n/a | n/a | Current |
| SoHo Grand & Tribeca Grand Hotel | New York, NY | Hotel | $33.5M | 5.54% | Sep 2034 | n/a | n/a | Current |
| 57 Willoughby | Brooklyn, NY | Office | $30.6M | 7.092% | Aug 2034 | 1.99x | 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.