Eretz Group Secures $27.6M Refinance Loan From Israel Discount Bank For 252 West 37th Street
252 West 37th Street
$27,600,000
$197/SF
Building Size
139,629 SF
Asset Type
Office
Closing
Jan 6, 2026
About this deal
AI
The asset involved in the transaction is an office property located at 252 West 37th Street in the Garment District of Manhattan, comprising a total square footage of 139,629. The loan amount for this refinancing transaction is $27,600,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $27,600,000
- Lender: Israel Discount Bank
- Landlord: Eretz Group
- Prior Debt: $34,400,000 held by Comm 2014-CCRE16 and KeyBank
Eretz Group’s Sheva 7 LLC is managing the refinancing of the office building, indicating a strategic financial move to replace existing debt with a new loan from Israel Discount Bank.
On the Map
$27,600,000
$197/SF
Office
View full map
Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Browse New York office loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93