Retail · Bronx, New York
Throggs Neck Shopping Center
Public CMBS trusts hold $68.5M of the loan on Throggs Neck Shopping Center at 5.174% that reaches maturity on April 5, 2028, in 17 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $68,500,000
- Original balance (same notes)
- $68,500,000
- Interest rate
- 5.174% fixed
- Originated
- March 12, 2018
- Maturity
- April 5, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ended
- May 4, 2020
- Originator
- Natixis Real Estate Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred July 15, 2020, returned February 10, 2021
- Workout strategy
- Resolved
- Modified
- Yes, most recently October 22, 2020
- Defeasance
- None reported
The property
- Address
- 815 Hutchinson River Parkway, Bronx, NY 10465
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 119,271 sq ft
- Built
- 2014
- Largest tenants
- TJX Companies, Inc.; Petco Animal Supplies Stores, Inc.; Jako Enterprises, LLC
- Value at securitization
- $110.0M (Sep 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.42x | 1.36x |
| Occupancy | 93% | 94% |
| Net operating income (annualized from 6 months) | $5.1M | $9.8M |
| Debt yield | 14.3% |
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 UBS Commercial Mortgage Trust 2018-C11 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Modified
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 93% above the underwritten figure ($9.8M a year against $5.1M; the latest statement covers 6 months, annualized).
- The most recent valuation in the filing is $78.2M (August 20, 2020), against $110.0M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $68.5M | Current | No | 1.36x | 94% |
| August 2026 | $68.5M | Current | No | 1.34x | 94% |
| July 2026 | $68.5M | Current | No | 1.34x | 94% |
| June 2026 | $68.5M | Current | No | n/a | n/a |
| May 2026 | $68.5M | Current | No | n/a | n/a |
| April 2026 | $68.5M | Current | No | 1.41x | 94% |
| March 2026 | $68.5M | Current | No | 1.53x | 98% |
| February 2026 | $68.5M | Current | No | 1.53x | 98% |
| January 2026 | $68.5M | Current | No | 1.53x | 98% |
| December 2025 | $68.5M | Current | No | 1.53x | 98% |
| November 2025 | $68.5M | Current | No | 1.57x | 98% |
| October 2025 | $68.5M | Current | No | 1.57x | 99% |
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 July 15, 2020, returned to the master servicer February 10, 2021.
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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| CSAIL 2018-CX11 Commercial Mortgage Trust | 5 | $45,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| UBS Commercial Mortgage Trust 2018-C11 | 13 | $23,500,000 | Sep 2026 | SEC filing, September 28, 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.