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180 Water Street

Christian Sewing Of Deutsche Bank Provides $280 Million Acquisition Loan For 180 Water Street Multifamily
FINANCEDMultiFamily

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

Nick Scribani

Newmark

Broker

$55.4B

vol

195 deals

Broker
Newmark
NewmarkBrokerage
Deutsche Bank
Deutsche BankLender
Nathan Berman

Nathan Berman

Metro Loft

Landlord

$4.6B

vol

19 deals

Landlord
60 Guilders
60 GuildersLandlord
60 Guilders
60 GuildersLandlord

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