Moinian Group Secures $106M Loan For 383,478 SF Office Property At 17 Battery Place In Financial District
17 Battery Place, New York City, New York 10004, United States
$106,000,000
$276/SF
Building Size
383,478 SF
Asset Type
Office
Closing
Jul 10, 2022
AI
17 Battery Place, located in the Financial District, has recently been involved in a closed transaction. The office property spans approximately 383,478 square feet and is owned by the Moinian Group, led by Joseph Moinian. The property is known for its prime location in the Financial District market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $106,000,000
- Address: 17 Battery Place
- Market: Financial District
- Landlord: Moinian Group - Joseph Moinian
- Lender: Deutsche Bank
In this transaction, Deutsche Bank provided a loan amount of $106,000,000. The loan served as financial support for the closed deal involving 17 Battery Place. The involvement of the Moinian Group, led by Joseph Moinian, as the landlord adds further significance to this transaction.
Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93