262 West 40 Street
Garment District, Manhattan
Parcel ID (BBL): 1007890069
Owner: Oto Development
Debt: September 03, 2025, $96 million
Built: 2016
SF: 120,566
Dwelling units: 0
No. of buildings: 1
Class: Luxury Type – Built After 1960 (H2)
Floors: 20
Transactions:
• OTO Development borrowed $96 million from Fifth Third Bank for 252 West 40th Street, Garment District, Manhattan on September 03, 2025.
• OTO Development borrowed $90 million from Fifth Third Bank for 252 West 40th Street, Garment District, Manhattan on February 13, 2020.
Development:
• OTO Development filed new building job 121187394 for 120,566 sqft R-1 building with 290 apartments in Garment District, Manhattan, on September 23, 2014.
• David Pai filed alteration job M01356976 for building in Garment District, Manhattan, on February 17, 2026.
• David Pai filed alteration job M01056142 for building in Garment District, Manhattan, on June 10, 2024.
• Stephen Daley filed alteration job M00810580 for 1,500 sqft R-1 building with 290 apartments in Garment District, Manhattan, on January 11, 2023.
• Charles King filed alteration job 140969469 for R-1 building with 290 apartments in Garment District, Manhattan, on October 22, 2020.
• Charles King filed alteration job 123385933 for R-1 building with 290 apartments in Garment District, Manhattan, on March 13, 2018.
Violations:
According to city public data, the properties have received $1,440 in OATH penalties in the last year.