Christian Sewing Of Deutsche Bank Finances Joseph Moinian Of The Moinian Group $200M Loan In Manhattan
17 Battery Place
$200,000,000
$540/SF
Building Size
370,000 SF
Asset Type
MultiFamily
Closing
Dec 3, 2025
AI
The property asset involved in this transaction is an office to multifamily conversion located at 17 Battery Park South in Manhattan. The property encompasses a sizable area of 370,000 square feet and is part of the Manhattan market. The transaction involved a refinance loan amounting to $200,000,000.
Summary of transation details:
- Property Type: Office to Multifamily Conversion
- Transaction Amount: $200,000,000
- Address: 17 Battery Park South
- Market: Manhattan
- Lender: Christian Sewing - Deutsche Bank
- Landlord: Joseph Moinian - The Moinian Group
- Brokers: Drew Anderman, Eddie Haber, Jared Fried & AJ Bruno - CBRE
This transaction highlights the involvement of key individuals, including lender Christian Sewing, who represents Deutsche Bank, and landlord Joseph Moinian from The Moinian Group. The brokerage team facilitated the transaction, consisting of Drew Anderman, Eddie Haber, Jared Fried, and AJ Bruno from CBRE.
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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93