559 7 Avenue

Owner: Ivanhoe Cambridge

Debt: March 05, 2020, $450 million

Built: 1969

Renovated: 2016

SF: 1,088,074

Dwelling units: 0

No. of buildings: 1

Class: Tower Type (O4)

Floors: 42

Transactions:

• Swig Company borrowed $450 million from Bank of China for 1411 Broadway, Garment District, Manhattan on March 05, 2020.

Development:

• Veronica Rosmaninho filed major alteration job M01230490 for 1,088,073 sqft 56 building with 0 apartments in Garment District, Manhattan, on July 23, 2025.

• Veronica Rosmaninho filed major alteration job M08023771 for 1,088,073 sqft B building with 0 apartments in Garment District, Manhattan, on March 21, 2023.

• Veronica Rosmaninho filed alteration job M01396191 for 2,288 sqft building with 0 apartments in Garment District, Manhattan, on May 12, 2026.

• Matthew Henrikson filed alteration job M01400193 for 43,493 sqft 56 building with 0 apartments in Garment District, Manhattan, on May 12, 2026.

• Matthew Henrikson filed alteration job M01387282 for 43,493 sqft 56 building with 0 apartments in Garment District, Manhattan, on May 07, 2026.

• Matthew Henrikson filed alteration job M01386533 for 43,493 sqft 56 building with 0 apartments in Garment District, Manhattan, on May 07, 2026.

• Matthew Henrikson filed alteration job M01387268 for 43,493 sqft 56 building with 0 apartments in Garment District, Manhattan, on May 06, 2026.

Violations:

According to city public data, the properties have received one DOB violation and $4,155 in OATH penalties in the last year.

Latest Stories:

• Office rehab roundup: Rockefeller, Tishman Speyer, Ivanhoé Cambridge complete rehabs totaling $24.9M (October 14, 2020)

• Ivanhoé, Callahan Capital, Swig borrow $450M from Bank of China for 1411 Broadway in Garment District (March 06, 2020)