402 5 Avenue
Garment District, Manhattan
Parcel ID (BBL): 1008380048
Owner: Chetrit Group
Debt: July 14, 2025, $0
Built: 1914
Renovated: 1988
SF: 83,278
Dwelling units: 0
No. of buildings: 1
Class: Office with Comm — 7 to 19 stories (O6)
Floors: 9
Transactions:
• Hirshmark Capital on July 14, 2025 bought a loan with an original principal of $65 million from Blackstone Group, signed by Albert Picallo, secured by 404 5th Avenue, Garment District, Manhattan, when owned by Chetrit Group.
Development:
• Amir Yacobi filed major alteration job M01364104 for 45,000 sqft 57 building with 0 apartments in Garment District, Manhattan, on June 05, 2026.
• Juda Chetrit filed alteration job M01348326 for 9,000 sqft C building with 0 apartments in Garment District, Manhattan, on January 26, 2026.
• Juda Chetrit filed alteration job M01270293 for 2,500 sqft COM building with 0 apartments in Garment District, Manhattan, on August 20, 2025.
• Vincent Chanona filed alteration job M01237736 for building in Garment District, Manhattan, on June 26, 2025.
• Liza Berrospi filed alteration job M01237771 for 1,270 sqft building with 0 apartments in Garment District, Manhattan, on June 11, 2025.
• Gurcharan Singh filed alteration job M01220328 for 1,270 sqft building with 0 apartments in Garment District, Manhattan, on May 05, 2025.
Litigation:
• Gotham Assets filed a $65 million pre-foreclosure 850483/2025 on November 03, 2025, against Chetrit Group and Meyer Chetrit at 402 5 Avenue.
• Blackstone Group and Rialto Capital Advisors filed a $65 million pre-foreclosure 850052/2025 on January 29, 2025, against Meyer Chetrit, Judah Chetrit and Chetrit Group at 402 5 Avenue.
Violations:
According to city public data, the properties have received one DOB violation, $81,600 in ECB penalties, and $69,225 in OATH penalties in the last year.