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Mark Rowan Of Apollo And Christian Sewing Of Deutsche Bank Provide $280M Refinance For Office In Long Island City

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FINANCED
$280,000,000
Jonathan Firestone

New York

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Office205,000 SF
Financed
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Property Image
FINANCED

Mark Rowan Of Apollo And Christian Sewing Of Deutsche Bank Provide $280M Refinance For Office In Long Island City

42 22 22nd Street

See Similar Deals
Office205,000 SF
Financed
Jonathan Firestone
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$1365
Total Square Footage:205000 SF
Transaction Type:Loan

The property asset involved in the transaction is located at 42-22 22nd Street in Long Island City. This office building encompasses a total square footage of 205,000 and is part of the broader Long Island City market. A refinancing loan was secured for the property totaling $280,000,000.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: $280,000,000
  • Lender: Mark Rowan - Apollo and Christian Sewing - Deutsche Bank
  • Landlord: Michael Hackman - Hackman Capital Partners and Craig Solomon - Affinius Capital Partners
  • Landlord's Representative: Jordan Roeschlaub and Jonathan Firestone - Newmark
  • Loan Type: Refinance

The transaction involved key stakeholders including Mark Rowan and Christian Sewing representing the lending institutions. The landlords, Michael Hackman and Craig Solomon, are associated with Hackman Capital Partners and Affinius Capital Partners, respectively. The representation for the landlords was handled by Jordan Roeschlaub and Jonathan Firestone from Newmark.

Players

Jordan (Jordy) Roeschlaub
319 deals$96B volume
BROKER

Jonathan Firestone
Newmark
38 deals$10.5B volume(310) 709-4910
BROKER

Newmark
BROKERAGE




Details

FINANCED
IMAGE: Mark Rowan, Christian Sewing, Michael Hackman, Craig Solomon, Jordan Roeschlaub & Jonathan Firestone DATE: 6/30/2025 ADDRESS: 42-22 22nd Street MARKET: Long Island City ASSET TYPE: Office ~ SF: 205,000 LENDER: Mark Rowan - Apollo & Christian Sewing - Deutsche Bank (@DeutscheBank) LANDLORD: Michael Hackman - Hackman Capital Partners & Craig Solomon - Affinius Capital Partners (@AffiniusCapital) LANDLORD'S REP: Jordan Roeschlaub (@JordyRoeschlaub) & Jonathan Firestone - Newmark (@Newmark) LOAN AMOUNT: $280,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$280,000,000.00

Monthly NOI$1,866,666.67
Monthly Debt Service$1,769,790.47
Change in Cash Flow$0.00
Refinance Proceeds$0.00