Tenant exposure
NYC DEPARTMENT OF EDUCATION in CMBS
The trusts' filings name NYC DEPARTMENT OF EDUCATION among the three largest tenants at properties securing 4 public CMBS loans with $169.7M outstanding. It is the largest tenant at 2 of them. None of those loans is delinquent or with a special servicer.
Every loan
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 50 West 23rd Street | New York, NY | Mixed use | $83.0M | 6.46% | Feb 2036 | n/a | n/a | Current |
| Flushing Plaza | Flushing, NY | Office | $52.0M | 2.825% | Apr 2031 | 4.37x | 83% | Current |
| Brooklyn Renaissance Plaza, Brooklyn (matures Aug 2034) | Brooklyn, NY | Office | $24.7M | 6.721% | Aug 2034 | 1.64x | 100% | Current |
| 63-57 Fresh Pond | Ridgewood, NY | Office | $10.0M | 7.015% | May 2030 | 1.27x | 100% | Current |
Where NYC DEPARTMENT OF EDUCATION is the largest tenant: lease end dates
| Property | Lease ends | Loan matures | Balance |
|---|---|---|---|
| 50 West 23rd Street | Jun 2030 | Feb 2036 | $83.0M |
| 63-57 Fresh Pond | Sep 2038 | May 2030 | $10.0M |
Red: the lease ends before the loan matures, the rollover a refinancing lender will look at hardest.
Filed names grouped here: NYC DEPARTMENT OF EDUCATION; NYC Department of Education. From each trust's ABS-EE filing (largest, second and third largest tenant fields). Pro will alert you when any of these loans changes.