Kamber Management borrows $15M from First Republic Bank for property in Garment District

Kamber Management through the entity 1537 Realty, LLC as borrower signed a loan agreement with lender First Republic Bank valued at $15 million for 1 parcel, including the tax class office building with commercial with seven to 19 stories (O6) at 13 West 37th Street in Garment District. The deal closed on June 25, 2020 and was recorded on June 29, 2020.
The property contains a total of 129,465 square feet of built space.
The average loan per buildable square foot is $116.

Over the past five years, there have been 8 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 8 renovation/alteration projects (A2) applied for with a total estimated value of $1,202,800.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link