527 7 Avenue
Garment District, Manhattan
Parcel ID (BBL): 1008140001
Owner: Olmstead Properties
Debt: November 14, 2025, $125 million
Built: 1925
SF: 411,074
Dwelling units: 0
No. of buildings: 1
Class: Tower Type (O4)
Floors: 22
Transactions:
• Olmstead Properties borrowed $125 million from Citibank for 525 7th Avenue, Garment District, Manhattan on November 14, 2025.
Development:
• Tom Nikac filed major alteration job 122107040 for 411,074 sqft B building in Garment District, Manhattan, on October 17, 2014.
• Tom Nikac filed alteration job M01380194 for 1,200 sqft COM building with 0 apartments in Garment District, Manhattan, on April 17, 2026.
• Tom Nikac filed alteration job M01296387 for 250 sqft COM building with 0 apartments in Garment District, Manhattan, on March 05, 2026.
• Tom Nikac filed alteration job M01367426 for 1,650 sqft E building with 0 apartments in Garment District, Manhattan, on March 05, 2026.
• Tom Nikac filed alteration job M01344801 for 2,466 sqft E building with 0 apartments in Garment District, Manhattan, on February 11, 2026.
• Tom Nikac filed alteration job M01344275 for 2,466 sqft E building with 0 apartments in Garment District, Manhattan, on February 11, 2026.
Violations:
According to city public data, the properties have received $7,100 in OATH penalties in the last year.