Olmstead Properties Secures $125 Million Refinancing Loan From Citibank For 525 Seventh Avenue
525 7th Avenue
$125,000,000
$304/SF
Building Size
411,074 SF
Asset Type
Office
Closing
Nov 4, 2025
About this deal
AI
The asset involved in this transaction is an office building located at 525 7th Avenue in the Garment District of Manhattan. The property has a total square footage of 411,074. The loan amount for this refinancing transaction is $125,000,000.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $125,000,000
- Address: 525 7th Avenue
- Market: Garment District, Manhattan
- Asset Size: 411,074 SF
- Lender: Citibank
- Landlord: Samuel W. Rosenblatt - Olmstead Properties
- Prior Debt: $176 million from UBS
In this deal, Samuel W. Rosenblatt, representing Olmstead Properties, secured refinancing for the office building through Citibank. The loan replaces existing debt held with UBS.
On the Map
$125,000,000
$304/SF
Office
View full map
Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Visit Samuel Rosenblatt to view all their deals.
Browse New York office loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93