258 West 37 Street
Garment District, Manhattan
Parcel ID (BBL): 1007860076
Owner: Eretz Group
Debt: January 09, 2026, $27.6 million
Built: 1924
SF: 139,629
Dwelling units: 0
No. of buildings: 1
Class: Office with Comm — 7 to 19 stories (O6)
Floors: 17
Transactions:
• Eretz Group borrowed $27.6 million from Israel Discount Bank for 252 West 37th Street, Garment District, Manhattan on January 09, 2026.
• Eretz Group borrowed $34.4 million from Comm 2014-CCRE16 for 252 West 37th Street, Garment District, Manhattan on August 29, 2024.
Development:
• Ramin Sachmechi filed plans for alteration in Garment District, Manhattan, on August 13, 2024.
• Ramin Sachmechi filed plans for alteration in Garment District, Manhattan, on August 08, 2024.
• Nicolaos Paros filed plans for alteration in Garment District, Manhattan, on March 19, 2024.
• Ramin Sachmechi filed plans for alteration in Garment District, Manhattan, on June 07, 2023.
• Stelios Banagos filed plans for alteration in Garment District, Manhattan, on November 14, 2022.
Litigation:
• COMM 2014-CCRE16 and LNR Partners filed a $41 million pre-foreclosure 850107/2024 on April 01, 2024, against Eretz Group and Abraham Talassazan at 252 West 37 Street.
Violations:
According to city public data, the properties have received one DOB violation and $500 in OATH penalties in the last year.