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Bay Plaza Community Center

501 GATEWAY DRIVE · Brooklyn, NY 11239
Every loan the CMBS tape reports against this building, as each trust filed it. A building is the grain here, not the loan: this one is collateral in 5 separate trusts, and the slices below are the pieces of its debt, not four different buildings.
Debt outstanding
$246M
Loan slices
5
Trusts
5
Type
Retail
Square feet
601,212
Year built
2014
Where the filings differ
Each trust describes the building in its own filing, and these are the fields on which they do not match. Both spellings are printed with the trust that filed each. Often both are true — a building sits in one municipality and takes its mail in another — and where one is simply a misspelling, we do not have a basis to say which.
Square feet
601,212 — BANK5 2024-5YR11; BANK5 2025-5YR13; BANK5 2024-5YR12; BANK5 2025-5YR14
355,033 — BANK5 2023-5YR3
Year built
2014 — BANK5 2024-5YR11; BANK5 2025-5YR13; BANK5 2024-5YR12; BANK5 2025-5YR14
2002 — BANK5 2023-5YR3
The debt, slice by slice
TrustBalanceRateMatures DSCRNOIOccupancy OriginatorServicerSpecial servicing
BANK5 2024-5YR11 · asset 2 $77M 6.83% fixed 2029-11-06 1.28 $7M 100% Bank of America, N.A. Wells Fargo Bank, N.A. No
BANK5 2025-5YR13 · asset 2 $54M 6.83% fixed 2029-11-06 1.28 $7M 100% Bank of America, N.A. Trimont No
BANK5 2024-5YR12 · asset 4 $50M 6.83% fixed 2029-11-06 1.28 $7M 100% Bank of America, N.A. Wells Fargo Bank, N.A. No
BANK5 2023-5YR3 · asset 3 $40M 6.87% fixed 2028-06-05 1.39 $16M 100% Wells Fargo Bank, N.A. KeyBank Real Estate Capital No
BANK5 2025-5YR14 · asset 16 $25M 6.83% fixed 2029-11-06 1.28 $7M 100% Bank of America, N.A. Trimont No
Named tenants
TenantSquare feetLease expires
BJ's128,9952027-09-20
JC Penney Company122,4732034-08-31
Shop Rite89,7742034-10-31
Burlington Coat Factory73,8642030-02-28
Dave & Busters37,0602036-01-31
Marshalls35,0212027-09-30
The asset-level exhibit names up to three tenants per slice; where the trusts name different ones, all of them are listed.
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