Office building with commercial space · Meatpacking, Manhattan
Pier 57
25 Eleventh Avenue, New York, NY 10011
Pier 57 (25 Eleventh Avenue) is a 5-floor office building with commercial space in the Meatpacking District, Manhattan, built in 1900, with about 326,000 square feet of office space according to city records.
Also at 25-29 Eleventh Avenue.
- Office space
- 326K SF
- Floors
- 5
- Year built
- 1900
- Zoning
- M1-5
The 4th largest of the 23 office buildings we track in the Meatpacking District. Compare it with 6 neighbors
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Compared with its neighbors
How Pier 57 compares
Next to the 6 nearest large office buildings, all within a 4 minute walk, Pier 57 ranks 2nd of 7 by office floor area. Built in 1900, it is the oldest of them. Its property tax is fully exempt on the city's assessment roll.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| Pier 57, 25 Eleventh Avenue | 326K SF | 5 | 1900 | Exempt | n/a |
| 85 Tenth Avenue | 460K SF | 11 | 1914 | $19.95 | May 2007, $430M |
| 40 Tenth Avenue | 101K SF | 12 | 2017 | $34.26 | n/a |
| 450 West 14th Street | 93K SF | 15 | 1934 | $18.47 | n/a |
| 444 West 15th Street | 155K SF | 8 | 1936 | $21.45 | May 2019, $592M |
| IAC Building, 555 West 18th Street | 195K SF | 10 | 2007 | $18.88 | Apr 2023, $80M (2 lots) |
| 860 Washington Street | 90K SF | 10 | 2016 | $24.54 | Dec 2020, $80M |
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 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Building name
- Pier 57
- Other address
- 25-29 Eleventh Avenue
- ZIP code
- 10011
- Building type
- Office building with commercial space (city class O5)
- Total floor area
- 396,000 SF
- Commercial floor area
- 396,000 SF
- Office
- 325,814 SF
- Retail
- 31,521 SF
- Height
- 5 floors
- Average floor
- About 79,200 SF (floor area divided by floors)
- Year built
- 1900
- Last major alteration
- 2016
- Lot area
- 327,389 SF
- Zoning district
- M1-5
- Built FAR
- 1.21
- Max commercial FAR
- 5
- Tax lot (BBL)
- 1006620003
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses and building name from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-16. 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 storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered 24 storefronts at Pier 57 for December 31, 2025, the newest annual filing the city has published, and 1 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2023.
- Storefronts registered for December 31, 2025
- 24
- Vacant that day
- 1
- Share vacant here
- 4.2%
- Share vacant across the Meatpacking District
- 13.5%
- Share vacant along Eleventh Avenue
- 37.1%
- Share vacant citywide
- 9.2%
Vacant on December 31, by year
Own or lease out a storefront at 25 Eleventh Avenue? Listing it is free, and it is matched against every active requirement for retail space in the Meatpacking District the day it goes up.
Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2025, pulled 2026-10-16. Owners of buildings with ground- or second-floor storefronts register each one every year with its status on December 31; counts are by tax lot, as the owners filed them. The 2025 filing was due June 1, 2026, so a storefront vacant then may have been leased since. A vacant storefront is not always on the market, and none here is listed on Leasemark unless it shows above.
NYC Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists NYS PARKS & RECREATION as the owner of record. For tax year 2026/27 the city values Pier 57 at $179.4 million and assesses it at $80.7 million. Exemptions on the roll cover the whole taxable value, which is common for government, nonprofit and payment-in-lieu-of-taxes properties.
- Owner of record
- NYS PARKS & RECREATION
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $179,402,000
- Land market value
- $49,108,000
- Assessed value
- $80,730,900
- Exemptions
- $80,730,900
- Estimated yearly tax
- Fully exempt on the roll
City market value by tax year
Manage or lease this building? Claim this page. Requests are reviewed by hand.
How to find who owns any NYC buildingSource: 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 2026-10-16. Exempt properties can still owe charges or payments in lieu of taxes that the roll does not show.
Own or manage 25 Eleventh Avenue? List a space here free and we match it against every active requirement. Renting it out yourself? Read the landlord's checklist.
NYC energy benchmarking (Local Law 84)
Energy score, grade and emissions
Pier 57 reported an ENERGY STAR score of 30 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a D (under 55). Its site energy use came to 107.6 kBtu per square foot, 28% above the national median of 83.8 for a similar property. Its greenhouse gas emissions were about 6,395 metric tons of CO2e (10.14 kg per square foot).
- ENERGY STAR score (2024)
- 30 of 100
- Grade this score earns (Local Law 33)
- D (under 55)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 107.6 kBtu/SF
- National median for the type
- 83.8 kBtu/SF
- Greenhouse gas emissions
- 6,395 t CO2e
- Emissions per SF
- 10.14 kg CO2e
- Floor area in the filing
- 630,696 SF
- ENERGY STAR certified
- 2022
ENERGY STAR score by year
Energy sources in 2024
Source: NYC Department of Buildings and Mayor's Office of Climate and Environmental Justice, NYC Building Energy and Water Data Disclosure for Local Law 84 (2024 filing), pulled 2026-10-16; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager. The grade is the one the filed score earns under the law's cutoffs; the Department of Buildings assigns the grade a building posts, which can differ.
NYC Department of Buildings permits
Work permits and build-outs
In the 12 months to October 2026, the Department of Buildings issued first permits for 6 jobs at Pier 57. In the last two years, interior work was permitted on 4 floors (floors 1 to 4 and the cellar). The newest build-out, on floor 3, was first permitted in September 2026 (construction; filed cost estimate $400,000).
- New jobs, last 12 months
- 6
- Initial permits, last 12 months
- 6
- Newest job first permitted
- September 2026
- Interior build-outs, last 24 months
- 10
- Floors with interior work, last 24 months
- 1 to 4, cellar
Recent build-outs
New jobs by year
Build-outs across the Meatpacking DistrictWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-24 (permits issued through 2026-10-22). 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.
No office space listed in the Meatpacking District yet
Own or broker space at 25 Eleventh Avenue? List it free: it shows on this page and is matched against every active requirement the day it goes up.
Before you sign
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Questions about Pier 57
How big is Pier 57?
Pier 57 has about 396,000 square feet of floor area in total, including 326,000 square feet of office and 32,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was Pier 57 built?
City records list 1900 as the year built, with a major alteration recorded in 2016. The building is 5 floors tall.
What is the address of Pier 57?
Pier 57 is at 25 Eleventh Avenue in the Meatpacking District, Manhattan. City records list 25-29 Eleventh Avenue on the same tax lot (BBL 1006620003). A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 25 Eleventh Avenue?
25 Eleventh Avenue is in ZIP code 10011, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. Pier 57 is at 25 Eleventh Avenue, New York, NY 10011, in the Meatpacking District.
What is the zoning at Pier 57?
The lot is in the M1-5 zoning district. PLUTO lists a built floor area ratio (FAR) of 1.21 and a maximum commercial FAR of 5 for this lot.
What subway station is closest to Pier 57?
The closest subway station to Pier 57 is 8 Av (the L, A, C and E trains, connected to 14 St), about 0.5 miles away in a straight line, roughly 10 minutes on foot. The MTA lists it as an accessible station. Also nearby: 14 St (the 1, 2, 3, F, M and L trains, connected to 6 Av), 14 min walk; 23 St (the C and E trains), 14 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns Pier 57?
The NYC Department of Finance's 2026/27 assessment roll lists NYS PARKS & RECREATION as the owner of record of Pier 57 (BBL 1006620003). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
What is the energy grade of Pier 57?
Pier 57 reported an ENERGY STAR score of 30 for calendar year 2024 in its Local Law 84 benchmarking filing. Under Local Law 33, as amended by Local Law 95 of 2019, a score of 85 or higher earns an A, 70 to 84 a B, 55 to 69 a C and under 55 a D, so 30 earns a D. The Department of Buildings assigns the grade a building posts, so the posted label can differ if a filing was corrected. Its site energy use came to 107.6 kBtu per square foot, 28% above the national median of 83.8 for a similar property. Its greenhouse gas emissions were about 6,395 metric tons of CO2e (10.14 kg per square foot).
Is there construction at Pier 57?
In the 12 months to October 2026, the Department of Buildings issued first permits for 6 jobs at Pier 57. In the last two years, interior work was permitted on 4 floors (floors 1 to 4 and the cellar). The newest build-out, on floor 3, was first permitted in September 2026 (construction; filed cost estimate $400,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1006620003. 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 Pier 57?
The Department of Finance's 2026/27 assessment roll lists exemptions covering the whole taxable value of Pier 57, so there is no property tax on the roll to estimate. That is common for government, nonprofit and payment-in-lieu-of-taxes (PILOT) properties. The city's property tax records for BBL 1006620003 show what is actually billed.
What is the assessed value of Pier 57?
For tax year 2026/27, the NYC Department of Finance puts the market value of Pier 57 at $179.4 million ($49.1 million of it land) and its assessed value at $80.7 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 7% from 2022/23 ($168.2 million) to 2026/27.
Are there vacant storefronts at Pier 57?
Owners registered 24 storefronts at Pier 57 for December 31, 2025, the newest annual filing the city has published, and 1 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2023. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront vacant on December 31, 2025 may have been leased since. Owners and brokers can list a storefront on Leasemark for free.
Is there office space for lease at Pier 57?
No space at 25 Eleventh Avenue 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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Meatpacking
Transit hubs in the Meatpacking District
- A C E L at 14 St-8 Av