Multifamily · Long Island City, New York
Tower 28
Public CMBS trusts hold $102.7M of the loan on Tower 28 at 3.784% that reaches maturity on April 1, 2029, in 2 years and 5 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $102,682,424
- Original balance (same notes)
- $112,000,000
- Interest rate
- 3.784% fixed
- Originated
- March 11, 2019
- Maturity
- April 1, 2029
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ended
- June 30, 2021
- Prepayment premium ends
- September 30, 2028 (yield maintenance)
- Master servicer
- Wells Fargo
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 42-12 28th Street, Long Island City, NY 11101
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 346,573 sq ft
- Units, rooms or beds
- 450
- Built
- 2018
- Value at securitization
- $335.0M (Jan 2019)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 2.33x | n/a |
| Occupancy | 94% | n/a |
| Net operating income | $14.6M | n/a |
Watch flags
Computed from the Morgan Stanley Capital I Trust 2019-H7 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $102.7M | Late payment but less than 30 days delinquent | No | 2.84x | 99% |
| August 2026 | $102.8M | Current | No | 2.85x | 98% |
| July 2026 | $103.1M | Late payment but less than 30 days delinquent | No | 2.82x | 99% |
| June 2026 | $103.2M | Current | No | 2.82x | 99% |
| May 2026 | $103.4M | Current | No | 2.82x | 99% |
| April 2026 | $103.6M | Current | No | 2.82x | 99% |
| March 2026 | $103.8M | Current | No | 2.82x | 99% |
| February 2026 | $104.0M | Current | No | 2.80x | 99% |
| January 2026 | $104.2M | Current | No | 2.80x | 99% |
| December 2025 | $104.3M | Current | No | 2.80x | 99% |
| November 2025 | $104.5M | Current | No | 2.76x | 99% |
| October 2025 | $104.7M | Current | No | 2.76x | 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.
Where the loan sits
The loan is split into 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2019-BNK17 | 3 | $51,319,646 | Sep 2026 | SEC filing, October 1, 2026 |
| Morgan Stanley Capital I Trust 2019-H6 | 5 | $27,492,668 | Sep 2026 | SEC filing, October 2, 2026 |
| Morgan Stanley Capital I Trust 2019-H7 | 7 | $23,870,110 | Sep 2026 | SEC filing, October 2, 2026 |
Other New York-Newark-Jersey City loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 1633 Broadway | New York, NY | Office | $780.0M | 2.99% | Dec 2029 | 2.87x | 76% | Current |
| 650 Madison Avenue | New York, NY | Mixed use | $545.8M | 3.486% | Dec 2029 | 1.25x | 62% | Current |
| Queens Center | Elmhurst, NY | Retail | $510.0M | 5.37% | Nov 2029 | 1.94x | 93% | Current |
| 3 Columbus Circle | New York, NY | Mixed use | $490.0M | 3.914% | Mar 2029 | 2.80x | 90% | Current |
| 30 Hudson Yards | New York, NY | Office | $422.0M | 3.11% | Jul 2029 | n/a | n/a | Current |
| 55 Hudson Yards | New York, NY | Office | $371.7M | 2.95% | Dec 2029 | n/a | n/a | Current |
| Gateway Center North | Brooklyn, NY | Retail | $300.0M | 6.827% | Nov 2029 | n/a | n/a | Current |
| 640 5th Avenue | New York, NY | Mixed use | $288.6M | 6.129% | Jul 2029 | 2.35x | 90% | Current |
All loans maturing in 2029 · 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.