Commercial condominium · Times Square, Manhattan

Eleven Times Square

640 Eighth Avenue, New York, NY 10036

Eleven Times Square (640 Eighth Avenue) is a 40-floor commercial condominium in Times Square, Manhattan, built in 2007, with about 743,000 square feet of office space according to city records.

Also at 640-658 Eighth Avenue, 11 Times Square, 259-265 West 41st Street and 260-270 West 42nd Street.

Office space
743K SF
Floors
40
Year built
2007
Zoning
C6-7

Office space next to its nearest neighbors

  1. Eleven Times SquareThis building743K SF
  2. 230 West 41st Street2 min walk237K SF
  3. 221 West 41st Street2 min walk195K SF
  4. 303 West 42nd Street2 min walk44K SF

The 3rd largest of the 19 office buildings we track in Times Square. Compare it with 6 neighbors

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Compared with its neighbors

How Eleven Times Square compares

Next to the 6 nearest large office buildings, all within a 2 minute walk, Eleven Times Square is the largest by office floor area. Built in 2007, it is the newest of them. Its estimated property tax, about $28.90 a square foot of floor area before abatements, is above the neighbors' median of $18.25.

Eleven Times Square and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingOffice spaceFloorsBuiltTax / SFLast sale
Eleven Times Square, 640 Eighth AvenueThis building743K SF402007$28.90n/a
303 West 42nd Street2 min walk44K SF121928$22.54n/a
221 West 41st Street2 min walk195K SF251921$23.30Mar 2022, $161M
230 West 41st Street2 min walk237K SF201923$5.44Jul 2004, $60M
300 West 43rd Street2 min walk45K SF61928$19.42n/a
250 West 40th Street2 min walk50K SF141924$5.47n/a
240 West 40th Street2 min walk128K SF121923$17.07Jul 2018, $105M
The 3rd largest of the 19 office buildings we track in Times Square: see the full list

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
Eleven Times Square
Other addresses
640-658 Eighth Avenue; 11 Times Square; 259-265 West 41st Street; 260-270 West 42nd Street
ZIP code
10036
Building type
Commercial condominium (city class RC)
Total floor area
789,726 SF
Commercial floor area
789,726 SF
Office
742,761 SF
Retail
46,965 SF
Height
40 floors
Average floor
About 19,700 SF (floor area divided by floors)
Year built
2007
Lot area
37,854 SF
Zoning district
C6-7
Built FAR
20.86
Max commercial FAR
15
Tax lot (BBL)
1010137501

Nearest subway

  • 42 St-Port Authority Bus Terminal1 min walk · Accessible station · connects to Times Sq-42 St
  • 42 St-Bryant Pk6 min walk · Not accessible · connects to 5 Av
  • 34 St-Penn Station7 min walk · Accessible station

Nearby large buildings

All 30 large office buildings on Eighth Avenue

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; building name checked against Wikipedia, Eleven Times Square; 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 3 storefronts at Eleven Times Square for December 31, 2025, the newest annual filing the city has published, and none stood vacant that day. A year earlier, 2 of 4 stood vacant.

Storefronts registered for December 31, 2025
3
Vacant that day
0
Share vacant across Times Square
18.0%
Share vacant along Eighth Avenue
16.1%
Share vacant citywide
9.2%
Condominium tax lots that filed
2

Vacant on December 31, by year

  • 20192 of 4
  • 20202 of 4
  • 20212 of 4
  • 20222 of 4
  • 20232 of 4
  • 20242 of 4
  • 20250 of 3

Bars show the share of the lot's registered storefronts that stood vacant.

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, summed over the condominium's unit lots that filed, 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

Eleven Times Square is a condominium of 2 tax lots. PR SJP TS OWNER LLC owns the units that make up 100% of its market value. For tax year 2026/27 the city values Eleven Times Square at $499.5 million and assesses it at $224.8 million. After phase-ins and exemptions its taxable value is $210.4 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 $22.8 million a year before abatements, roughly $28.90 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.

Largest unit owner
PR SJP TS OWNER LLC (100% of market value)
Tax class
Class 4 (commercial and industrial)
City market value
$499,459,700
Land market value
$120,000,000
Assessed value
$224,756,850
Taxable value (phased in)
$210,379,890
Estimated yearly tax
About $22.8 million
Tax per SF of floor area
About $28.90
Condominium tax lots
2
Owners of record
1

City market value by tax year

  • 2022/23$404.6 million
  • 2023/24$436.4 million
  • 2024/25$498 million
  • 2025/26$509.2 million
  • 2026/27$499.5 million

Market value rose 23% from 2022/23 ($404.6 million) to 2026/27.

How Times Square compares: property tax per SF across NYC neighborhoodsEstimate this tax bill, or a tenant's share of itHow NYC commercial property tax works

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How to find who owns any NYC building

Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll, summed over 2 condominium tax lots; 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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SEC filings (EDGAR)

Companies with offices here

4 investment managers and funds give 640 Eighth Avenue as their office address in SEC filings.

Investment managers and funds

Office address on their latest 13F holdings report

  • Kepos Capital LP13F, Aug 2026
  • MOORE CAPITAL MANAGEMENT, LP13F, Aug 2026
  • SIR Capital Management, L.P.13F, Aug 2026
  • Kepos Partners LLC13F, Aug 2026

Source: U.S. Securities and Exchange Commission, EDGAR, Financial Statement Data Sets (2025 Q4 to 2026 Q3) and Form 13F Data Sets (through August 2026), pulled 2026-10-24; names as filed. The address is the one each company reports to the SEC. This is not a tenant roster: private companies and most smaller firms do not file with the SEC, a company can report a building it owns, and an address can trail a move by a quarter. Care-of addresses, blank check companies and asset-backed issuers are left out.

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NYC energy benchmarking (Local Law 84)

Energy score, grade and emissions

Eleven Times Square reported an ENERGY STAR score of 72 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a B (70 to 84). Its site energy use came to 66.1 kBtu per square foot, 26% below the national median of 89.5 for a similar property. Its greenhouse gas emissions were about 7,384 metric tons of CO2e (6.7 kg per square foot).

ENERGY STAR score (2024)
72 of 100
Grade this score earns (Local Law 33)
B (70 to 84)
Property type (Portfolio Manager)
Office
Site energy use intensity
66.1 kBtu/SF
National median for the type
89.5 kBtu/SF
Greenhouse gas emissions
7,384 t CO2e
Emissions per SF
6.7 kg CO2e
Floor area in the filing
1,101,775 SF

ENERGY STAR score by year

  • 202292 (A)
  • 202393 (A)
  • 202472 (B)

Energy sources in 2024

  • Electricity78%
  • Natural gas22%

Share of the energy used on site, as filed.

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 7 jobs at Eleven Times Square. In the last two years, interior work was permitted on 8 floors (floors 1 to 3, 6, 30 and 33 to 35, the cellar and the mezzanine). The newest build-out, on floors 33 and 34, was first permitted in September 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $1.2 million).

New jobs, last 12 months
7
Initial permits, last 12 months
13
Newest job first permitted
September 2026
Interior build-outs, last 24 months
9
Floors with interior work, last 24 months
1 to 3, 6, 30 and 33 to 35, cellar, mezzanine

Recent build-outs

  • Floors 33 and 34September 2026Construction, Mechanical, Plumbing, Sprinklers; est. $1.2 million
  • Floor 30September 2026Construction, Mechanical, Plumbing, Sprinklers; est. $6.5 million
  • Floors 1 and 2, cellar, mezzanineMay 2026Construction; est. $4.5 million
  • Floor 30February 2026Construction, Mechanical, Plumbing, Sprinklers; 4 jobs; est. $114,000
  • Floor 35April 2025Construction, Mechanical, Plumbing, Sprinklers; est. $220,000; signed off
  • Floors 1 to 3, cellar, mezzanineApril 2025Structural; est. $290,000

The newest 6 of 9 in the last 24 months.

New jobs by year

  • 202112
  • 20229
  • 20237
  • 20248
  • 20258
  • 2026 to date7

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 Times Square 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.

All guides

Questions about Eleven Times Square

How big is Eleven Times Square?

Eleven Times Square has about 790,000 square feet of floor area in total, including 743,000 square feet of office and 47,000 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 Eleven Times Square built?

City records list 2007 as the year built. The building is 40 floors tall.

What is the address of Eleven Times Square?

Eleven Times Square is at 640 Eighth Avenue in Times Square, Manhattan. City records list 640-658 Eighth Avenue, 11 Times Square, 259-265 West 41st Street and 260-270 West 42nd Street on the same tax lot (BBL 1010137501). A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 640 Eighth Avenue?

640 Eighth 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. Eleven Times Square is at 640 Eighth Avenue, New York, NY 10036, in Times Square.

What is the zoning at Eleven Times Square?

The lot is in the C6-7 zoning district. PLUTO lists a built floor area ratio (FAR) of 20.86 and a maximum commercial FAR of 15 for this lot.

What subway station is closest to Eleven Times Square?

The closest subway station to Eleven Times Square is 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), about 250 feet away in a straight line, roughly 1 minute on foot. The MTA lists it as an accessible station. Also nearby: 42 St-Bryant Pk (the B, D, F, M and 7 trains, connected to 5 Av), 6 min walk; 34 St-Penn Station (the A, C and E trains), 7 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns Eleven Times Square?

Eleven Times Square is a condominium of 2 tax lots. PR SJP TS OWNER LLC owns the units that make up 100% of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 1010137501). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.

Who are the tenants at Eleven Times Square?

Leasemark does not have the building's tenant roster, but SEC filings name companies with offices at Eleven Times Square. 4 investment managers and funds file 13F holdings reports from the address, including Kepos Capital LP; MOORE CAPITAL MANAGEMENT, LP; and SIR Capital Management, L.P.. Private companies do not file with the SEC, so the full list of tenants is longer, and a company can also report a building it owns.

What is the energy grade of Eleven Times Square?

Eleven Times Square reported an ENERGY STAR score of 72 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 72 earns a B. 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 66.1 kBtu per square foot, 26% below the national median of 89.5 for a similar property. Its greenhouse gas emissions were about 7,384 metric tons of CO2e (6.7 kg per square foot).

Is there construction at Eleven Times Square?

In the 12 months to October 2026, the Department of Buildings issued first permits for 7 jobs at Eleven Times Square. In the last two years, interior work was permitted on 8 floors (floors 1 to 3, 6, 30 and 33 to 35, the cellar and the mezzanine). The newest build-out, on floors 33 and 34, was first permitted in September 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $1.2 million). These are the Department of Buildings' DOB NOW work permits for tax lot 1010137501. 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 Eleven Times Square?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $210.4 million for Eleven Times Square (the sum of its 2 condominium tax lots). At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $22.8 million a year, roughly $28.90 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1010137501 show the actual bill.

What is the assessed value of Eleven Times Square?

For tax year 2026/27, the NYC Department of Finance puts the market value of Eleven Times Square at $499.5 million ($120 million of it land) and its assessed value at $224.8 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 23% from 2022/23 ($404.6 million) to 2026/27.

Are there vacant storefronts at Eleven Times Square?

Owners registered 3 storefronts at Eleven Times Square for December 31, 2025, the newest annual filing the city has published, and none stood vacant that day. A year earlier, 2 of 4 stood vacant. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront may have come free since. Owners and brokers can list a storefront on Leasemark for free.

Is there office space for lease at Eleven Times Square?

No space at 640 Eighth 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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