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5 Hanover Square

Christian Sewing Of Deutsche Bank Provides $61M Loan For Office Acquisition At 5 Hanover Square
FINANCEDMultiFamily

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

Morris Betesh

Arrow Real Estate Advisors

Broker

$12.4B

vol

214 deals

Broker
Arrow Real Estate Advisors
Arrow Real Estate AdvisorsBrokerage
Deutsche Bank
Deutsche BankLender

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