340 West 39 Street

Garment District, Manhattan

Parcel ID (BBL): 1007620061

Acris records

Owner: Ivy Realty

Acquired: December 17, 2020, $31.5 million

Debt: August 22, 2022, $22 million

Built: 2017

Renovated: 2017

SF: 77,999

Dwelling units: 177

No. of buildings: 1

Class: Transient Occupancy-Midtown Mn Area (H3)

Floors: 25

Transactions:

Ivy Realty borrowed $22 million from Aetna Life Insurance Company for 338 West 39th Street, Garment District, Manhattan on August 22, 2022.

• Company sold 338 West 39th Street, Garment District, Manhattan for $0 to company on August 22, 2022.

Ivy Realty borrowed $20 million from Northeast Bank for 338 West 39th Street, Hudson Yards, Manhattan on December 17, 2020.

McSam Hotel Group sold 338 West 39th Street, Hudson Yards, Manhattan for $31.5 million to Ivy Realty on December 17, 2020.

Development:

• Suresh Tharmalingam filed plans for alteration in Garment District, Manhattan, on April 20, 2023.

John Silviano filed plans for alteration in Garment District, Manhattan, on July 23, 2020.

John Silviano filed plans for alteration in Garment District, Manhattan, on July 14, 2020.

John Silviano filed plans for alteration in Garment District, Manhattan, on July 14, 2020.

• John Silvano filed plans for A3 in Garment District, Manhattan, on August 14, 2018.

Violations:

According to city public data, the properties have received $50 in OATH penalties in the last year.

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