Warehouse · Hell's Kitchen, Manhattan
571 Eleventh Avenue
New York, NY 10036
571 Eleventh Avenue is an 8-floor warehouse in Hell's Kitchen, Manhattan, built in 1962, with about 783,000 square feet of industrial and storage space according to city records.
Also at 571-587 Eleventh Avenue, 540-558 Twelfth Avenue, 601-655 West 43rd Street and 600-644 West 44th Street.
- Industrial and storage space
- 783K SF
- Floors
- 8
- Year built
- 1962
- Zoning
- M2-4
The largest of the 12 industrial and storage buildings we track in Hell's Kitchen. Compare it with 6 neighbors
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Compared with its neighbors
How 571 Eleventh Avenue compares
Next to the 6 nearest large industrial and storage buildings, all within a 4 minute walk, 571 Eleventh Avenue is the largest by industrial and storage floor area. It went up in 1962; the median neighbor dates from 1935. Its estimated property tax, about $5.51 a square foot of floor area before abatements, is below the neighbors' median of $7.61.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 571 Eleventh Avenue | 783K SF | 8 | 1962 | $5.51 | n/a |
| 633 West 44th Street | 211K SF | 6 | 1950 | $7.92 | Dec 2021, $227M |
| 543 West 43rd Street | 157K SF | 7 | 1920 | $7.31 | Dec 2021, $149M |
| 609 West 46th Street | 121K SF | 14 | 2025 | $0.98 | n/a |
| 620 West 47th Street | 35K SF | 8 | 1911 | Exempt | n/a |
| 536 West 46th Street | 46K SF | 5 | 1910 | Exempt | n/a |
| 607 West 47th Street | 52K SF | 6 | 2020 | $16.06 | 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
- 571-587 Eleventh Avenue; 540-558 Twelfth Avenue; 601-655 West 43rd Street; 600-644 West 44th Street
- ZIP code
- 10036
- Building type
- Warehouse (city class E1)
- Total floor area
- 783,307 SF
- Commercial floor area
- 783,307 SF
- Industrial and storage
- 783,307 SF
- Height
- 8 floors
- Average floor
- About 97,900 SF (floor area divided by floors)
- Year built
- 1962
- Lot area
- 130,725 SF
- Zoning district
- M2-4
- Built FAR
- 5.99
- Max commercial FAR
- 5
- Tax lot (BBL)
- 1010910001
Nearest subway
- 34 St-Hudson Yards
- 42 St-Port Authority Bus Terminal
- 50 St
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 Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists NUBEE CORP as the owner of record. For tax year 2026/27 the city values 571 Eleventh Avenue at $90.8 million and assesses it at $40.8 million. After phase-ins and exemptions its taxable value is $39.8 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 $4.32 million a year before abatements, roughly $5.51 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
- NUBEE CORP
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $90,775,000
- Land market value
- $24,962,000
- Assessed value
- $40,848,750
- Taxable value (phased in)
- $39,779,280
- Estimated yearly tax
- About $4.32 million
- Tax per SF of floor area
- About $5.51
City market value by tax year
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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.
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NYC energy benchmarking (Local Law 84)
Energy score, grade and emissions
571 Eleventh Avenue reported an ENERGY STAR score of 7 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 75.6 kBtu per square foot, 2.4 times the national median of 31.9 for a similar property. Its greenhouse gas emissions were about 4,474 metric tons of CO2e (5.7 kg per square foot).
- ENERGY STAR score (2024)
- 7 of 100
- Grade this score earns (Local Law 33)
- D (under 55)
- Property type (Portfolio Manager)
- Non-Refrigerated Warehouse
- Site energy use intensity
- 75.6 kBtu/SF
- National median for the type
- 31.9 kBtu/SF
- Greenhouse gas emissions
- 4,474 t CO2e
- Emissions per SF
- 5.7 kg CO2e
- Floor area in the filing
- 785,307 SF
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.
Local Law 97 of 2019, estimated
Local Law 97 emissions limit
At its 2024 energy use, 571 Eleventh Avenue comes to about 3,825 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 3,345 tons for 2024 to 2029: about 480 tons over, an estimated penalty of $129,000 a year. From 2030 the limit drops to 694 tons and the same energy use counts as about 2,925 tons, about 2,231 tons over, or an estimated $598,000 a year unless the building cuts its emissions.
- Period
- 2024 to 2029
- Emissions limit
- 3,345 t CO2e
- Estimated emissions
- 3,825 t CO2e
- Over the limit by
- 480 t CO2e
- Estimated penalty a year
- $129,000
- Period
- 2030 to 2034
- Emissions limit
- 694 t CO2e
- Estimated emissions
- 2,925 t CO2e
- Over the limit by
- 2,231 t CO2e
- Estimated penalty a year
- $598,000
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Non-Refrigerated Warehouse 785,307 SF. It applies the coefficients and per-use limits in Department of Buildings rule 1 RCNY 103-14 and Administrative Code 28-320.3.1.1 (as the Department lists them) and the $268 per ton penalty, checked 2026-10-04. It is not the building's Local Law 97 report: that report can count renewable energy credits, solar and storage deductions and, for 2024 and 2025, the law's occupancy group limits where higher, and penalties can be reduced for good faith efforts.
Change these numbers in the Local Law 97 calculator to see what a cut in energy use would do to the penalty.
How Local Law 97 works: who is covered, the 2030 limits and what owners, tenants and buyers should check.
Own or manage 571 Eleventh Avenue? List a space here free and we match it against every active requirement.
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 2 jobs at 571 Eleventh Avenue. In the last two years, interior work was permitted on the ground floor and the mezzanine. The newest build-out, on the ground floor and the mezzanine, was first permitted in January 2026 (mechanical; filed cost estimate $35,000).
- New jobs, last 12 months
- 2
- Initial permits, last 12 months
- 2
- Newest job first permitted
- February 2026
- Interior build-outs, last 24 months
- 1
- Floors with interior work, last 24 months
- Ground floor, mezzanine
- Facade and sidewalk jobs, last 24 months
- 1
Recent build-outs
New jobs by year
Build-outs across Hell's KitchenWhere 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 industrial and storage space listed in Hell's Kitchen yet
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Before you sign
Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.
How much is commercial rent in NYC? Per square foot, by borough
What NYC office, retail and industrial buildings collect per square foot in each borough, from the city's own filings, with the monthly math and the costs on top of rent.
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Tenant rep broker or going direct? Leasing in NYC
Should you hire a tenant rep broker or deal with landlords directly? Who pays commissions in NYC, what a tenant rep does, and how to choose one.
Questions about 571 Eleventh Avenue
How big is 571 Eleventh Avenue?
571 Eleventh Avenue has about 783,000 square feet of floor area in total, including 783,000 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 571 Eleventh Avenue built?
City records list 1962 as the year built. The building is 8 floors tall.
What other addresses does 571 Eleventh Avenue have?
City records list 571-587 Eleventh Avenue, 540-558 Twelfth Avenue, 601-655 West 43rd Street and 600-644 West 44th Street on the same tax lot (BBL 1010910001) as 571 Eleventh Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 571 Eleventh Avenue?
571 Eleventh Avenue is in ZIP code 10036, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 571 Eleventh Avenue, New York, NY 10036, in Hell's Kitchen.
What is the zoning at 571 Eleventh Avenue?
The lot is in the M2-4 zoning district. PLUTO lists a built floor area ratio (FAR) of 5.99 and a maximum commercial FAR of 5 for this lot.
What subway station is closest to 571 Eleventh Avenue?
The closest subway station to 571 Eleventh Avenue is 34 St-Hudson Yards (the 7 train), about 0.5 miles away in a straight line, roughly 10 minutes on foot. The MTA lists it as an accessible station. Also nearby: 42 St-Port Authority Bus Terminal (the A, C, E, 1, 2, 3, 7, N, Q, R, W and S trains, connected to Times Sq-42 St), 12 min walk; 50 St (the C and E trains), 13 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 571 Eleventh Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists NUBEE CORP as the owner of record of 571 Eleventh Avenue (BBL 1010910001). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
What is the energy grade of 571 Eleventh Avenue?
571 Eleventh Avenue reported an ENERGY STAR score of 7 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 7 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 75.6 kBtu per square foot, 2.4 times the national median of 31.9 for a similar property. Its greenhouse gas emissions were about 4,474 metric tons of CO2e (5.7 kg per square foot).
Does 571 Eleventh Avenue meet Local Law 97?
At its 2024 energy use, 571 Eleventh Avenue comes to about 3,825 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 3,345 tons for 2024 to 2029: about 480 tons over, an estimated penalty of $129,000 a year. From 2030 the limit drops to 694 tons and the same energy use counts as about 2,925 tons, about 2,231 tons over, or an estimated $598,000 a year unless the building cuts its emissions. This is an estimate from the owner's 2024 benchmarking filing using the coefficients and per-use limits in the law and the Department of Buildings rule, at $268 per ton over. It is not the building's Local Law 97 report, which can count credits and deductions this estimate cannot.
Is there construction at 571 Eleventh Avenue?
In the 12 months to October 2026, the Department of Buildings issued first permits for 2 jobs at 571 Eleventh Avenue. In the last two years, interior work was permitted on the ground floor and the mezzanine. The newest build-out, on the ground floor and the mezzanine, was first permitted in January 2026 (mechanical; filed cost estimate $35,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1010910001. 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 571 Eleventh Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $39.8 million for 571 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 $4.32 million a year, roughly $5.51 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1010910001 show the actual bill.
What is the assessed value of 571 Eleventh Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 571 Eleventh Avenue at $90.8 million ($25 million of it land) and its assessed value at $40.8 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 11% from 2022/23 ($81.7 million) to 2026/27.
Is there industrial and storage space for lease at 571 Eleventh Avenue?
No space at 571 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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Hell's Kitchen
Transit hubs in Hell's Kitchen
- C E at 50 St
- 1 at 50 St
- A C E at 42 St-Port Authority