40 East 35 Street
Grand Central, Manhattan
Parcel ID (BBL): 1008640047
Owner: Continuum Company
Acquired: November 15, 2024, $66.2 million
Debt: November 15, 2024, $180 million
Built: 1947
SF: 46,903
Dwelling units: 0
No. of buildings: 5
Class: Church, Synagogue, Chapel (M1)
Floors: 1
Legacy BBLs: 1008640047
Transactions:
• Continuum Company borrowed $180 million from Kriss Capital for 34 East 35th Street, 32 East 35th Street, 30 East 35th Street, 28 East 35th Street, and 26 East 35th Street, Grand Central, Manhattan on November 15, 2024.
• Community Church of New York sold 34 East 35th Street, 32 East 35th Street, 30 East 35th Street, 28 East 35th Street, and 26 East 35th Street, Grand Central, Manhattan for $66.2 million to Continuum Company on November 15, 2024.
Development:
• Continuum Company filed new building job M01062289 for 172,797 sqft R-2 building with 137 apartments in Grand Central, Manhattan, on June 13, 2024.
• Milivoj Sofranin filed alteration job M01355058 for 1,500 sqft building with 137 apartments in Grand Central, Manhattan, on February 03, 2026.
• Garland Degraffenried filed alteration job M01335037 for 6,400 sqft R-2 building with 136 apartments in Grand Central, Manhattan, on January 21, 2026.
• Ibraim Redza filed alteration job M01341781 for 1,000 sqft building with 137 apartments in Grand Central, Manhattan, on January 20, 2026.
• Ibraim Redza filed alteration job M01344416 for 1,000 sqft building with 137 apartments in Grand Central, Manhattan, on January 20, 2026.
• Garland Degraffenried filed alteration job M01339269 for 700 sqft building with 137 apartments in Grand Central, Manhattan, on January 19, 2026.
Litigation:
• Community Church of New York filed a $71 million lawsuit 154733/2022 against Continuum Companies on June 02, 2022,seeking a judgment related to leave to sellat 34 East 35Th Street.
Condominium:
• Jeff Loveland filed plans CD250420 on December 17, 2025 for 148-unit condominium called Continuum Park Madison Condominium at 38 East 35th Street.
Violations:
According to city public data, the properties have received $32,500 in ECB penalties and $32,600 in OATH penalties in the last year.