330 W 40th Street

Gehr Group, led by David Lifschitz, refinanced the Fairfield Inn & Suites by Marriott New York Manhattan/Times Square at 330 West 40th Street in the Garment District, Manhattan. The refinance with MidFirst Bank was valued at $18.2 million. The property, which has 102,000 square feet of built space, was purchased by Gehr Group on February 12, 2009, for $99.5 million. The signatory for the recent loan was David Lifschitz. The hotel building, located at 330 West 40th Street, sits on a lot with a frontage of 50 feet and a depth of 98 feet, totaling 4,937 square feet.