328 West 40 Street
Garment District, Manhattan
Parcel ID (BBL): 1007630054
Owner: Gehr Group
Debt: April 17, 2026, $49.5 million
Built: 2006
SF: 98,738
Dwelling units: 0
No. of buildings: 1
Class: Luxury Type – Built After 1960 (H2)
Floors: 33
Legacy BBLs: 1007630056
HPD Ownership Registration Information
Last registered: 2025-07-02 (expires 2026-09-01)
Times Square Hospitality I, Llc
Corporate Owner
5701S Eastern Avenue 300 COMMERCE, CA, 90040
Gehr Hospitality, Llc
Agent
326 WEST 40TH STREET New York, NY, 10018
Ron Bhandari
Site Manager
Times Square Hospitality I, Llc
Lessee
5701S Eastern Avenue 300 Los Angeles, CA, 90040
Transactions:
• Gehr Group borrowed $49.5 million from Citibank for 326 West 40th Street, Garment District, Manhattan on April 17, 2026.
• Gehr Group borrowed $54.5 million from Guardian Life Insurance Company of America for 326 West 40th Street, Garment District, Manhattan on February 16, 2022.
• GEHR Group borrowed $54.5 million from Guardian Life Insurance Company Of America for 326 West 40th Street, Hudson Yards, Manhattan on March 24, 2021.
Development:
• John Lam filed new building job 104160195 for J-1 building with 240 apartments in Garment District, Manhattan, on July 07, 2005.
• Edward Duess filed alteration job M00969650 for building in Garment District, Manhattan, on December 02, 2023.
• Edward Duess filed alteration job M00918076 for 1,000 sqft building with 240 apartments in Manhattan, on August 14, 2023.
• Edward Duess filed alteration job M00883964 for 100 sqft J-1 building with 240 apartments in Garment District, Manhattan, on July 13, 2023.
• Thuong Luong filed alteration job 123152998 for J-1 building with 240 apartments in Garment District, Manhattan, on February 06, 2018.
• Ronald Bhandari filed alteration job 140733133 for J-1 building with 248 apartments in Garment District, Manhattan, on January 22, 2018.
Violations:
According to city public data, the properties have received $375 in OATH penalties in the last year.