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17 Battery Place

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

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

Drew Anderman

CBRE

Broker

$5.5B

vol

41 deals

Broker
CBRE
CBREBrokerage
Deutsche Bank
Deutsche BankLender

Joseph Moinian

The Moinian Group

Landlord

$491.8M

vol

10 deals

Landlord

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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