Christian Sewing Of Deutsche Bank Provides $280 Million Acquisition Loan For 180 Water Street Multifamily
180 Water Street
$280,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 28, 2025
AI
The property involved in the transaction is a multifamily asset located at 180 Water Street in the Financial District. The acquisition loan issued for this property amounts to $280,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $280,000,000
- Lender: Christian Sewing - Deutsche Bank
- Landlord: Kevin Chisolm - 60 Guilders, Alen Mamrout & Joe Mamrout - Sentry Realty, Nathan Berman - Metro Loft
- Landlord's Representative: Jordan Roeschlaub, Nick Scribani & Christopher Kramer - Newmark
- Loan Type: Acquisition
This transaction highlights the involvement of multiple landlords and their respective companies, specifically Kevin Chisolm from 60 Guilders, Alen Mamrout and Joe Mamrout from Sentry Realty, and Nathan Berman from Metro Loft. The representation on behalf of the landlords was carried out by Jordan Roeschlaub, Nick Scribani, and Christopher Kramer from Newmark.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93