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The collapse of 2 WTC during the September 11 attacks tore a 24-story gash into the واجهة المبنى of the Deutsche Bank Building. Steel and concrete were sticking out of the building for months afterward. This was eventually cleaned up, but due to extensive contamination it was decided that the 39 story ruin was to be taken down. After the 9/11 attacks, netting was placed around the remains of the building. The bank maintained that the building could not be restored to habitable condition, while its insurers sought to treat the incident as recoverable damage rather than a total loss. Work on the building was deferred for over two years during which the condition of the building deteriorated.
In September 2005 human remains were found on the roof. In March 2006, construction workers who were removing toxic waste from the building before dismantling found more bone fragments and remains. This prompted calls from victims' family members for another search of the building by forensic experts. In 2006, between April 7 to April 14, more than 700 human bone fragments were discovered in the ballast gravel on the roof. Workers sifted through the gravel to find more remains.
The cost of this dismantling had steadily increased to $75 million by the Bovis Lend Lease construction company as large amounts of toxic dust associated with the collapse of the World Trade Center, asbestos, dioxin, lead, silica, quartz, هيدروكربون عطري متعدد الحلقات, chromium and manganese had been found in the building.

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In 2004, an agreement was announced to settle the disposition of the building and insurance claims. Later that year as part of this agreement, the Lower Manhattan Development Corporation acquired the land and commenced dismantling. An Associated Press December 7, 2006 report indicated that the building would be dismantled. The report indicated that area residents were fearful of possibly toxic dust associated with the two towers' collapses within the building.
On May 17, 2007, work was halted after a 22-foot section of pipe being cut by workers fell 35 stories and through the roof of "The Ten House", home to Engine 10 and Ladder 10 of the Fire Department of New York. Two firefighters were injured by the original falling debris, although they were not struck by the pipe itself.
On August 18, 2007 at approximately 3:40 p.m., a seven-alarm fire broke out on the 17th floor of the building, caused by workers' careless smoking in violation of the building's safety rules. By this time, crews were removing one floor per week so the building had only 26 stories at this time. At the time of the fire, crews were removing asbestos. The fire spread in both directions, affecting a total of 10 floors. The floors were filled with a maze of protective polyethylene sheets which were designed to prevent the spread of asbestos, but which also trapped smoke; the building also lacked a standpipe, making fighting the fire extremely difficult. The building had not been inspected since March, when it should have been inspected every 15 days. The fire burned into the night before being extinguished, and numerous special and support units responded from the New York City Fire Department to combat the fire. The fire killed two FDNY firefighters, Firefighter Robert Beddia of Engine Company 24, and Joseph Graffagnino of Ladder Company 5, who succumbed on the 14th floor to smoke inhalation and carbon monoxide poisoning, and injured 115 firefighters, 46 seriously enough to require medical leave. Plans to dismantle the building continued as quickly as possible.
In 2008, the Manhattan District Attorney indicted three construction supervisors and the demolition subcontractor, the John Galt Corporation. A city stop-work order was lifted in April 2008 and decontamination work began again in May of the same year.
Dismantling was originally scheduled to be completed by the end of 2008, and later by the end of 2010. In October 2009, it was announced that dismantling of the building would finally resume.
Demolition of the former Deutsche Bank Building finished on January 20, 2011 with the removal of the crane. Dismantling of the first floor and the foundation was finished on February 28, 2011. It was the last part of the building to be taken apart.

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في 14 اكتوبر 2011 اعلنت هيئة ميناء نيويورك ونيو جيرسي التي تسيطر على إعادة البناء من نقطة الصفر والكنيسة الأثوذكسية اليونانية القديس نيكولاس اتفاقاً يسمح للكنيسة لبناء كنيسة يبلغ مساحتها 4,100 قدم مربع.