564 7 Avenue

Garment District, Manhattan

Parcel ID (BBL): 1010120029

Acris records

Owner: Arden Group

Acquired: January 05, 2024, $150.4 million

Debt: September 30, 2021, $167 million

Built: 2018

SF: 158,519

Dwelling units: 0

No. of buildings: 1

Class: Luxury Type – Built Prior to 1960 (H1)

Floors: 29

Transactions:

• Soho Properties sold 560 Seventh Avenue, Garment District, Manhattan for $150.4 million to Arden Group and Corten Real Estate Partners on January 05, 2024.

• Soho Properties borrowed $167 million from One William Street Capital Management for 560 Seventh Avenue, Theater District/Times Square, Manhattan on September 30, 2021.

Development:

• Fari Hama filed plans for alteration in Garment District, Manhattan, on October 27, 2025.

• Ken Ritson filed plans for alteration in Garment District, Manhattan, on September 15, 2025.

• Joseph Caruso filed plans for alteration in Garment District, Manhattan, on December 11, 2024.

• Joseph Caruso filed plans for alteration in Garment District, Manhattan, on November 17, 2024.

Litigation:

• Global One Asset Management and Nonghyup Bank filed a $57.6 million lawsuit 652029/2025 against Sharif El-Gamal, Soho Properties, Andrew Weiss and Stephen Weiss on March 27, 2025,seeking a money judgment related to loanat 205 West 40 Street.

• Garment Center Congregation filed a $2.5 million lawsuit 23-01211-pb against Soho Properties on December 28, 2023,seeking a money judgment related to leaseat 205 West 40 Street.

• Soho Properties and Sethian Pomerantz on August 12, 2023, filed a $306 million bankruptcy 23-11289 for 205 West 40 Street that has creditor Arden Group.

• Arden Group and Corten Real Estate Partners filed a $85 million lawsuit 653346/2023 against Sharif El-Gamal, Andrew Weiss and Stephen Weiss on July 11, 2023,seeking a money judgment related to loanat 205 West 40 Street.

• Soho Properties on July 09, 2023, filed a $306 million bankruptcy 23-11071-pb for 205 West 40 Street that has creditor Arden Group.