Retail building · Hell's Kitchen, Manhattan
706 Eleventh Avenue
New York, NY 10019
706 Eleventh Avenue is a 2-floor retail building in Hell's Kitchen, Manhattan, built in 1930, with about 66,000 square feet of retail space according to city records.
Also at 706-710 Eleventh Avenue, 551-563 West 50th Street and 550-556 West 51st Street.
- Retail space
- 66K SF
- Floors
- 2
- Year built
- 1930
- Zoning
- R8
No space at 706 Eleventh Avenue is listed on Leasemark yet. Own or broker space here? List it free and it is matched against every active requirement the day it goes up, or import a spreadsheet of up to 50 spaces at once.
Compared with its neighbors
How 706 Eleventh Avenue compares
Next to the 5 nearest large retail buildings, all within a 16 minute walk, 706 Eleventh Avenue ranks 5th of 6 by retail floor area. It went up in 1930; the median neighbor dates from 1938. Its estimated property tax, about $37.58 a square foot of floor area before abatements, is below the neighbors' median of $56.51.
| Building | Retail space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 706 Eleventh Avenue | 66K SF | 2 | 1930 | $37.58 |
| 625 West 55th Street | 89K SF | 6 | 1927 | $11.16 |
| 660 Eighth Avenue | 60K SF | 6 | 1998 | $39.48 |
| 234 West 42nd Street | 275K SF | 15 | 1999 | Exempt |
| 1514 Broadway | 114K SF | 4 | 1938 | $121.57 |
| 1475 Broadway | 141K SF | 22 | 1908 | $73.54 |
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). 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
- Other addresses
- 706-710 Eleventh Avenue; 551-563 West 50th Street; 550-556 West 51st Street
- ZIP code
- 10019
- Building type
- Retail building (city class K2)
- Total floor area
- 65,625 SF
- Commercial floor area
- 65,625 SF
- Retail
- 65,625 SF
- Height
- 2 floors
- Year built
- 1930
- Last major alteration
- 2015
- Lot area
- 29,125 SF
- Zoning district
- R8
- Built FAR
- 2.25
- Tax lot (BBL)
- 1010790003
Nearest subway
- 50 St
- 50 St
- 42 St-Port Authority Bus Terminal
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-09-30; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-02. 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 706 MANHATTAN LLC as the owner of record. For tax year 2026/27 the city values 706 Eleventh Avenue at $63 million and assesses it at $28.4 million. After phase-ins and exemptions its taxable value is $22.7 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 $2.47 million a year before abatements, roughly $37.58 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
- 706 MANHATTAN LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $63,011,000
- Land market value
- $5,050,000
- Assessed value
- $28,354,950
- Taxable value (phased in)
- $22,736,880
- Estimated yearly tax
- About $2.47 million
- Tax per SF of floor area
- About $37.58
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 2026-10-02; 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.
Before you sign
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Questions about 706 Eleventh Avenue
How big is 706 Eleventh Avenue?
706 Eleventh Avenue has about 66,000 square feet of floor area in total, including 66,000 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 706 Eleventh Avenue built?
City records list 1930 as the year built, with a major alteration recorded in 2015. The building is 2 floors tall.
What other addresses does 706 Eleventh Avenue have?
City records list 706-710 Eleventh Avenue, 551-563 West 50th Street and 550-556 West 51st Street on the same tax lot (BBL 1010790003) as 706 Eleventh Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 706 Eleventh Avenue?
706 Eleventh Avenue is in ZIP code 10019, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 706 Eleventh Avenue, New York, NY 10019, in Hell's Kitchen.
What is the zoning at 706 Eleventh Avenue?
The lot is in the R8 zoning district. PLUTO lists a built floor area ratio (FAR) of 2.25 for this lot.
What subway station is closest to 706 Eleventh Avenue?
The closest subway station to 706 Eleventh Avenue is 50 St (the C and E trains), about 0.5 miles away in a straight line, roughly 10 minutes on foot. The MTA lists it as partly accessible. Also nearby: 50 St (the 1 train), 12 min walk; 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), 13 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 706 Eleventh Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists 706 MANHATTAN LLC as the owner of record of 706 Eleventh Avenue (BBL 1010790003). 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.
What are the property taxes at 706 Eleventh Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $22.7 million for 706 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 $2.47 million a year, roughly $37.58 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1010790003 show the actual bill.
What is the assessed value of 706 Eleventh Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 706 Eleventh Avenue at $63 million ($5.05 million of it land) and its assessed value at $28.4 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 196% from 2022/23 ($21.3 million) to 2026/27.
Is there retail space for lease at 706 Eleventh Avenue?
No space at 706 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