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17 Battery Place

Updated Dec 9, 2025

Christian Sewing Of Deutsche Bank Finances Joseph Moinian Of The Moinian Group $200M Loan In Manhattan
FINANCEDMultiFamily

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

About this deal

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.

On the Map

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$200,000,000

$540/SF

MultiFamily

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Players

Drew Anderman

CBRE

Broker

$5.8B

vol

43 deals

Broker
CBRE
CBREBrokerage

Christian Sewing

Deutsche Bank

Lender

$6.5B

vol

12 deals

Lender

Joseph Moinian

The Moinian Group

Landlord

$491.8M

vol

11 deals

Landlord
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New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $540 per square foot on a published $200M for 370,000 square feet (2025).

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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

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