116 East 40 Street

Owner: Adam Daniels

Debt: February 25, 2022, $20.3 million

Built: 1925

Renovated: 1979

SF: 26,178

Dwelling units: 35

No. of buildings: 1

Class: Fireproof – With Stores (D6)

Floors: 9

Transactions:

• AD Real Estate Investors borrowed $20.3 million from Valley National Bank for 114 East 40th Street, Grand Central, Manhattan on February 25, 2022.

Development:

• Samuel Demo filed plans for alteration in Grand Central, Manhattan, on December 12, 2024.

• Adam Daniels filed plans for major alteration for 18,940 sqft in Grand Central, Manhattan, on May 09, 2024.

• Adam Daniels filed plans for alteration in Grand Central, Manhattan, on January 17, 2024.

• Adam Daniels filed plans for alteration in Grand Central, Manhattan, on July 26, 2023.

• Adam Daniels filed plans for alteration in Grand Central, Manhattan, on October 04, 2022.

Violations:

According to city public data, the properties have received one DOB violation, $1,875 in ECB penalties, seven housing violations, and $22,675 in OATH penalties in the last year.