248 West 40 Street
Garment District, Manhattan
Parcel ID (BBL): 1007890062
Owner: Sioni Group
Debt: December 12, 2024, $40 million
Built: 1923
SF: 137,199
Dwelling units: 0
No. of buildings: 1
Class: Office with Comm — 7 to 19 stories (O6)
Floors: 12
Transactions:
• Sioni Group borrowed $40 million from Wells Fargo for 240 West 40th Street, Garment District, Manhattan on December 12, 2024.
Development:
• David Sitt filed major alteration job 120170956 for 5,730 sqft B building with 0 apartments in Garment District, Manhattan, on October 02, 2009.
• David Sitt filed major alteration job 110206358 for 125,279 sqft COM building in Garment District, Manhattan, on June 18, 2008.
• Jack Yadidi filed alteration job M01380479 for 2,460 sqft COM building with 0 apartments in Garment District, Manhattan, on April 22, 2026.
• Jack Yadidi filed alteration job M01381652 for 2,460 sqft COM building with 0 apartments in Garment District, Manhattan, on April 14, 2026.
• Jack Yadidi filed alteration job M01266946 for 300 sqft B building with 0 apartments in Garment District, Manhattan, on August 20, 2025.
• Daniel Chirila filed alteration job M01180250 for 1,884 sqft building with 0 apartments in Garment District, Manhattan, on March 04, 2025.
• Management Sioni filed alteration job M01156715 for 11,800 sqft COM building with 0 apartments in Garment District, Manhattan, on December 19, 2024.
Violations:
According to city public data, the properties have received $6,495 in OATH penalties in the last year.