Office building with commercial space · Hudson Yards, Manhattan
261 Eleventh Avenue
New York, NY 10001
261 Eleventh Avenue is a 14-floor office building with commercial space in Hudson Yards, Manhattan, built in 1891, with about 963,000 square feet of office space according to city records.
Also at 261-263 Eleventh Avenue, 220-246 Twelfth Avenue, 601-651 West 27th Street and 600-654 West 28th Street.
- Office space
- 963K SF
- Floors
- 14
- Year built
- 1891
- Zoning
- M2-4
The 10th largest of the 27 office buildings we track in Hudson Yards. Compare it with 6 neighbors
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Compared with its neighbors
How 261 Eleventh Avenue compares
Next to the 6 nearest large office buildings, all within a 3 minute walk, 261 Eleventh Avenue ranks 2nd of 7 by office floor area. Built in 1891, it is the oldest of them. Its estimated property tax, about $17.20 a square foot of floor area before abatements, is above the neighbors' median of $13.19.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 261 Eleventh Avenue | 963K SF | 14 | 1891 | $17.20 | Oct 2018, $880M |
| Starrett-Lehigh Building, 601 West 26th Street | 1.8M SF | 19 | 1931 | $13.10 | Jul 2011, $920M |
| 244 Eleventh Avenue | 154K SF | 7 | 1912 | $13.28 | Jul 2015, $36.7M (2 lots) |
| 549 West 26th Street | 42K SF | 6 | 1940 | $13.63 | Jul 2015, $36.7M (2 lots) |
| 220 Eleventh Avenue | 151K SF | 9 | 2023 | $2.79 | n/a |
| 536 West 26th Street | 56K SF | 9 | 2016 | $29.01 | Jul 2018, $257M |
| Zinn Building, 210 Eleventh Avenue | 108K SF | 11 | 1911 | $11.54 | n/a |
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
- Other addresses
- 261-263 Eleventh Avenue; 220-246 Twelfth Avenue; 601-651 West 27th Street; 600-654 West 28th Street
- ZIP code
- 10001
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 1,161,731 SF
- Commercial floor area
- 1,161,731 SF
- Office
- 962,891 SF
- Retail
- 97,071 SF
- Industrial and storage
- 101,769 SF
- Height
- 14 floors
- Average floor
- About 83,000 SF (floor area divided by floors)
- Year built (tax records)
- 1892
- Last major alteration
- 2020
- Lot area
- 136,000 SF
- Zoning district
- M2-4
- Built FAR
- 8.54
- Max commercial FAR
- 5
- Historic district
- West Chelsea Historic District
- Tax lot (BBL)
- 1006730001
Nearest subway
- 34 St-Hudson Yards
- 23 St
- 34 St-Penn Station
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses 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 28 storefronts at 261 Eleventh Avenue for December 31, 2025, the newest annual filing the city has published, and 25 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2019.
- Storefronts registered for December 31, 2025
- 28
- Vacant that day
- 25
- Share vacant here
- 89.3%
- Share vacant across Hudson Yards
- 32.0%
- 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 261 Eleventh Avenue? Listing it is free, and it is matched against every active requirement for retail space in Hudson Yards 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 TERMINAL FEE OWNER LP as the owner of record. For tax year 2026/27 the city values 261 Eleventh Avenue at $488.3 million and assesses it at $219.7 million. After phase-ins and exemptions its taxable value is $184.2 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 $20 million a year before abatements, roughly $17.20 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
- TERMINAL FEE OWNER LP
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $488,330,000
- Land market value
- $27,200,000
- Assessed value
- $219,748,500
- Taxable value (phased in)
- $184,184,279
- Estimated yearly tax
- About $20 million
- Tax per SF of floor area
- About $17.20
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; 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.
Own or manage 261 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 property records (ACRIS)
Sales history
261 Eleventh Avenue last sold in October 2018 for $880 million, according to the deed recorded with the city. WFNY I LLC sold it to TERMINAL FEE OWNER LP.
- Last sale (deed date)
- October 23, 2018
- Price
- $880,000,000
- Seller
- WFNY I LLC
- Buyer
- TERMINAL FEE OWNER LP
- Deed recorded
- October 25, 2018
- ACRIS document
- 2018102400669001
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-16; prices as the deeds state them, names as recorded (companies and public bodies only). Shown are deeds that move the whole lot for a real price. Transfers between related companies for a nominal sum, sales of partial interests, land sales before the building went up and sales of the company that owns a building are left out.
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 24 jobs at 261 Eleventh Avenue. In the last two years, interior work was permitted on 8 floors (floors 1 to 8 and the cellar). The newest build-out, on floors 1 to 7, was first permitted in August 2026 (construction; filed cost estimate $107,000).
- New jobs, last 12 months
- 24
- Initial permits, last 12 months
- 35
- Newest job first permitted
- August 2026
- Interior build-outs, last 24 months
- 19
- Floors with interior work, last 24 months
- 1 to 8, cellar
Recent build-outs
New jobs by year
Build-outs across Hudson YardsWhere 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.
Landmarks Preservation Commission records
Architecture and history
261 Eleventh Avenue was designed by George B. Mallory and built in 1890-1891 in the American Round Arch style. It stands in the West Chelsea Historic District, so exterior changes and new signage go through the Landmarks Preservation Commission.
- Architect
- George B. Mallory
- Constructed
- 1890-1891
- Style
- American Round Arch
- Primary material
- Steel frame
- Built as
- Warehouse
Source: NYC Landmarks Preservation Commission, Individual Landmark and Historic District Building Database on NYC Open Data, pulled 2026-10-16. A designation can cover part of a lot, such as a facade or a lobby interior.
No office space listed in Hudson Yards yet
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Before you sign
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Questions about 261 Eleventh Avenue
How big is 261 Eleventh Avenue?
261 Eleventh Avenue has about 1.2 million square feet of floor area in total, including 963,000 square feet of office, 97,000 square feet of retail and 102,000 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 261 Eleventh Avenue built?
The Landmarks Preservation Commission's building records date 261 Eleventh Avenue to 1890-1891, designed by George B. Mallory. City tax records list 1892 as the year built. The building is 14 floors tall.
Who designed 261 Eleventh Avenue?
George B. Mallory, according to the Landmarks Preservation Commission's building records, which list the style as American Round Arch and its original use as a warehouse.
What other addresses does 261 Eleventh Avenue have?
City records list 261-263 Eleventh Avenue, 220-246 Twelfth Avenue, 601-651 West 27th Street and 600-654 West 28th Street on the same tax lot (BBL 1006730001) as 261 Eleventh Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 261 Eleventh Avenue?
261 Eleventh Avenue is in ZIP code 10001, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 261 Eleventh Avenue, New York, NY 10001, in Hudson Yards.
What is the zoning at 261 Eleventh Avenue?
The lot is in the M2-4 zoning district. PLUTO lists a built floor area ratio (FAR) of 8.54 and a maximum commercial FAR of 5 for this lot. It is inside the West Chelsea Historic District, so exterior changes go through the Landmarks Preservation Commission.
What subway station is closest to 261 Eleventh Avenue?
The closest subway station to 261 Eleventh Avenue is 34 St-Hudson Yards (the 7 train), about 0.3 miles away in a straight line, roughly 7 minutes on foot. The MTA lists it as an accessible station. Also nearby: 23 St (the C and E trains), 12 min walk; 34 St-Penn Station (the A, C and E trains), 13 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 261 Eleventh Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists TERMINAL FEE OWNER LP as the owner of record of 261 Eleventh Avenue (BBL 1006730001). 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.
When was 261 Eleventh Avenue last sold?
261 Eleventh Avenue last sold in October 2018 for $880 million, according to the deed recorded with the city. WFNY I LLC sold it to TERMINAL FEE OWNER LP. The deed is ACRIS document 2018102400669001 (BBL 1006730001) in the city's property records. A sale of the company that owns a building is not recorded as a deed, so it would not show there.
Is there construction at 261 Eleventh Avenue?
In the 12 months to October 2026, the Department of Buildings issued first permits for 24 jobs at 261 Eleventh Avenue. In the last two years, interior work was permitted on 8 floors (floors 1 to 8 and the cellar). The newest build-out, on floors 1 to 7, was first permitted in August 2026 (construction; filed cost estimate $107,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1006730001. 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 261 Eleventh Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $184.2 million for 261 Eleventh Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $20 million a year, roughly $17.20 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1006730001 show the actual bill.
What is the assessed value of 261 Eleventh Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 261 Eleventh Avenue at $488.3 million ($27.2 million of it land) and its assessed value at $219.7 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 230% from 2022/23 ($148 million) to 2026/27.
Are there vacant storefronts at 261 Eleventh Avenue?
Owners registered 28 storefronts at 261 Eleventh Avenue for December 31, 2025, the newest annual filing the city has published, and 25 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2019. 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 261 Eleventh Avenue?
No space at 261 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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Hudson Yards
Transit hubs in Hudson Yards
- 7 at 34 St-Hudson Yards
- A C E at 34 St-Penn Station