Office building with commercial space · Bed-Stuy, Brooklyn
11 Spencer Street
Brooklyn, NY 11205
11 Spencer Street is a 9-floor office building with commercial space in Bed-Stuy, Brooklyn, built in 2024, with about 91,000 square feet of office space according to city records.
- Office space
- 91K SF
- Floors
- 9
- Year built
- 2024
- Zoning
- M1-2
The largest of the 5 office buildings we track in Bed-Stuy. Compare it with 6 neighbors
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Compared with its neighbors
How 11 Spencer Street compares
Next to the 6 nearest large office buildings, all within a 20 minute walk, 11 Spencer Street ranks 2nd of 7 by office floor area. Built in 2024, it is the newest of them. Its estimated property tax, about $0.68 a square foot of floor area before abatements, is below the neighbors' median of $10.02.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 11 Spencer Street | 91K SF | 9 | 2024 | $0.68 | n/a |
| 31 Spencer Street | 89K SF | 15 | 2020 | $10.08 | n/a |
| 2 Skillman Street | 68K SF | 5 | 1940 | $2.83 | n/a |
| 39 Hall Street | 452K SF | 8 | 1912 | $9.83 | Apr 2026, $121M |
| 185 Marcy Avenue | 57K SF | 6 | 1905 | $9.96 | Apr 2025, $28.7M |
| 886 Broadway | 62K SF | 7 | 2020 | $10.36 | n/a |
| 109 South 5th Street | 63K SF | 6 | 1903 | $16.31 | Jun 2022, $46M |
Sources: NYC Department of City Planning, PLUTO 26v2 for size, floors and year built; NYC Department of Finance 2026/27 roll for tax (taxable value times the class rate, before abatements, over the whole floor area); ACRIS for the last deed that moved the whole lot for a real price (a price for several lots is their combined price; condominiums sell by the unit and show n/a). Large means at least 50,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- ZIP code
- 11205
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 166,287 SF
- Commercial floor area
- 166,287 SF
- Office
- 91,268 SF
- Retail
- 7,521 SF
- Industrial and storage
- 33,029 SF
- Height
- 9 floors
- Year built
- 2024
- Lot area
- 21,338 SF
- Zoning district
- M1-2
- Built FAR
- 7.79
- Max commercial FAR
- 2
- Tax lot (BBL)
- 3017160024
Nearest subway
- Flushing Av
- Myrtle-Willoughby Avs
- Lorimer St
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-03; subway stations from the MTA Subway Stations dataset, pulled 2026-10-03. Floor areas are the city's estimates for the whole building, not available space. Walking times are straight-line estimates. How we build these pages. Something wrong on this page? Tell us.
NYC Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists THE W GROUP OF BROOKLYN LLC as the owner of record. For tax year 2026/27 the city values 11 Spencer Street at $2.43 million and assesses it at $1.09 million. After phase-ins and exemptions its taxable value is $1.05 million; at the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists) that comes to about $113,429 a year before abatements, roughly $0.68 per square foot of floor area. Commercial leases here often pass a tenant's share of tax increases over a base year through as additional rent.
- Owner of record
- THE W GROUP OF BROOKLYN LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $2,428,000
- Land market value
- $2,428,000
- Assessed value
- $1,092,600
- Taxable value (phased in)
- $1,045,620
- Estimated yearly tax
- About $113,429
- Tax per SF of floor area
- About $0.68
City market value by tax year
Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll; owner names as the roll records them, which cuts some long names short), pulled 2026-10-03; tax rate from the Department of Finance tax rates page, checked 2026-09-28. The estimate is the taxable value times the class rate. It leaves out abatements, payment-in-lieu-of-taxes agreements and charges, so the actual bill can differ.
NYC Department of Buildings permits
Work permits and build-outs
The Department of Buildings issued no permits for new jobs at 11 Spencer Street in the 12 months to October 2026; the last one was first permitted in September 2024.
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- September 2024
- Interior build-outs, last 24 months
- 0
New jobs by year
Build-outs across Bed-StuyWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-03 (permits issued through 2026-10-01). A job counts once, when its first permit is issued; renewals are not new work. A build-out groups jobs on the same floors first permitted within 120 days of each other. Costs are the estimates filed with the jobs. Jobs filed before DOB NOW (in the older BIS system) are not counted. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
Before you sign
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Questions about 11 Spencer Street
How big is 11 Spencer Street?
11 Spencer Street has about 166,000 square feet of floor area in total, including 91,000 square feet of office, 8,000 square feet of retail and 33,000 square feet of industrial and storage space, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 11 Spencer Street built?
City records list 2024 as the year built. The building is 9 floors tall.
What is the ZIP code of 11 Spencer Street?
11 Spencer Street is in ZIP code 11205, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 11 Spencer Street, Brooklyn, NY 11205, in Bed-Stuy.
What is the zoning at 11 Spencer Street?
The lot is in the M1-2 zoning district. PLUTO lists a built floor area ratio (FAR) of 7.79 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 11 Spencer Street?
The closest subway station to 11 Spencer Street is Flushing Av (the G train), about 0.3 miles away in a straight line, roughly 6 minutes on foot. Also nearby: Myrtle-Willoughby Avs (the G train), 9 min walk; Lorimer St (the J and M trains), 11 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 11 Spencer Street?
The NYC Department of Finance's 2026/27 assessment roll lists THE W GROUP OF BROOKLYN LLC as the owner of record of 11 Spencer Street (BBL 3017160024). Big buildings are usually held through a company set up for that one property, so the name on the roll can differ from the landlord's brand or the managing agent. Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
Is there construction at 11 Spencer Street?
The Department of Buildings issued no permits for new jobs at 11 Spencer Street in the 12 months to October 2026; the last one was first permitted in September 2024. These are the Department of Buildings' DOB NOW work permits for tax lot 3017160024. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
What are the property taxes at 11 Spencer Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $1.05 million for 11 Spencer Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $113,429 a year, roughly $0.68 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3017160024 show the actual bill.
What is the assessed value of 11 Spencer Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 11 Spencer Street at $2.43 million ($2.43 million of it land) and its assessed value at $1.09 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 20% from 2022/23 ($2.03 million) to 2026/27.
Is there office space for lease at 11 Spencer Street?
No space at 11 Spencer Street is listed on Leasemark right now. Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.
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Transit hubs in Bed-Stuy
- A C at Nostrand Av
- C at Kingston-Throop Avs
- G at Bedford-Nostrand Avs