217 West 40 Street

Owner: Heskel’S Asset Management

Debt: November 06, 2025, $9.4 million

Built: 1924

SF: 65,186

Dwelling units: 0

No. of buildings: 1

Class: Office with Comm — 7 to 19 stories (O6)

Floors: 14

Transactions:

• Heskel’s Asset Management borrowed $9.4 million from Newtek Bank for 215 West 40th Street, Garment District, Manhattan on November 06, 2025.

• Heskel’s Asset Management borrowed $29.2 million from Signature Bank for 215 West 40th Street, Garment District, Manhattan on January 27, 2022.

Development:

• Ramin Sarraf filed plans for alteration in Garment District, Manhattan, on March 23, 2023.

• Ramin Sarraf filed plans for alteration in Garment District, Manhattan, on January 09, 2023.

• Ramin Sarraf filed plans for alteration in Garment District, Manhattan, on June 02, 2020.

• Grant Greenspan filed plans for alteration in Garment District, Manhattan, on June 08, 2012.

• Ramin Sarraf filed plans for alteration in Garment District, Manhattan, on May 27, 2016.

Violations:

According to city public data, the properties have received $6,250 in ECB penalties and $8,800 in OATH penalties in the last year.

Latest Stories:

• Heskel’s Asset Management signs $29.2M refi loan with Signature Bank for office building in Garment District (January 28, 2022)