Christian Sewing Of Deutsche Bank Provides $61M Loan For Office Acquisition At 5 Hanover Square
5 Hanover Square
$61,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 1, 2025
AI
The property asset involved in this transaction is an office located at 5 Hanover Square in the Manhattan market. The acquisition loan is valued at $61,000,000, facilitating the purchase of this asset.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $61,000,000
- Lender: Christian Sewing - Deutsche Bank & 99c
- Broker Representatives: Morris Betesh, Morris Dabbah, Israel Mermelstein & Louis Halperin - Arrow Real Estate Advisors
- Loan Type: Acquisition
The transaction features key individuals including Christian Sewing from Deutsche Bank, who arranged the financing, and the team of brokers from Arrow Real Estate Advisors comprising Morris Betesh, Morris Dabbah, Israel Mermelstein, and Louis Halperin, who facilitated the deal.
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
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93