NYC property data › Manhattan › Midtown › 38 West 40 Street

38 West 40 Street

Midtown, Manhattan · Commercial & office · BBL 1008410071

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1Units
23Floors
124,035Building sq ft
7,604Lot sq ft
1924Year built
C6-4.5Zoning
16.31 of 12.00Built FAR
1998Last sale
32DOB permits
0Open violations

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The recorded owner of record for this lot is on file. Create a free Crezly account to see it.

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Sales history

RecordedDocumentAmount
1998-12-04Deednot recorded
1998-02-26Deednot recorded
1988-08-18Deednot recorded
1988-04-11Deednot recorded

Source: NYC ACRIS. A $0 amount means the deed records no consideration — common on estate, correction and in-family transfers, and not a sale price of zero.

Recent DOB permits

IssuedTypeWork
2026-08-03Initial PermitSprinklers
2026-06-24Renewal Permit Without ChangesSupported Scaffold
2026-05-27Renewal Permit Without ChangesGeneral Construction
2026-05-22Initial PermitGeneral Construction
2026-02-26Renewal Permit Without ChangesSuspended Scaffold

Source: DOB NOW approved permits, which covers 2017 onward. 32 permits on file for this lot.

Owner debt & loan position

The most recent open mortgage recorded against this lot, when it was recorded, and how far into its term it is.

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Refi radar

The most recent mortgage recorded against this parcel was $2.3M from BANK OF CHINA, NEW YORK BRANCH in May 2024. On a typical 5-year term that is 2.5 years to estimated maturity.

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Estimated maturity. ACRIS publishes recording dates, not maturity dates — these are the recorded date plus a typical term for the asset and lender type, not the borrower’s actual loan terms. Crezly is not a loan broker, does not negotiate terms, and is not paid on closing.

Who finances deals like this

The lenders with the most recorded hospitality mortgages in Manhattan since 2021, from public ACRIS filings.

  1. Hilton Resorts Corporation — 1,590 loans, typically $17K–$30K
  2. Bmo Bank N.a. — 13 loans, typically $3.11M–$20M
  3. German American Capital Corporation — 4 loans, typically $9.98M–$35.17M
  4. Barings LLC — 3 loans, typically $10.47M–$183.82M
  5. Mcb Wf Jv 1 LP — 3 loans, typically $324K–$6.74M
Match this deal to 80 lenders

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Other lots on this block

Recent sales in Midtown

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Guides: How to find who owns a NYC building · How to read a NYC deed · NYC sales comps · Buying off-market commercial property

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Development & air rights

136% Utilization — built floor area as a share of the estimated as-of-right maximum

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Estimated from NYC PLUTO zoning data. This is not a zoning analysis — confirm with a zoning attorney or architect before relying on it. As-of-right only: excludes bonuses, air-rights transfers and variances.

Compiled from NYC Open Data: PLUTO (lot and building attributes), ACRIS (deeds and mortgages), DOB NOW (permits) and HPD (violations). Public record, presented as recorded; Crezly does not warrant it. BBL 1008410071 · data refreshed 2026-10-31