Office condominium · Hell's Kitchen, Manhattan
787 Eleventh Avenue
New York, NY 10019
787 Eleventh Avenue is a 10-floor office condominium in Hell's Kitchen, Manhattan, built in 1929, with about 370,000 square feet of office space according to city records.
Also at 775-787 Eleventh Avenue, 601-617 West 54th Street and 600-616 West 55th Street.
- Office space
- 370K SF
- Floors
- 10
- Year built
- 1929
- Zoning
- M2-4
The 3rd largest of the 18 office buildings we track in Hell's Kitchen. Compare it with 6 neighbors
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Compared with its neighbors
How 787 Eleventh Avenue compares
Next to the 6 nearest large office buildings, all within a 4 minute walk, 787 Eleventh Avenue ranks 2nd of 7 by office floor area. It went up in 1929; the median neighbor dates from 1954. Its estimated property tax, about $18.66 a square foot of floor area before abatements, is above the neighbors' median of $10.75.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 787 Eleventh Avenue | 370K SF | 10 | 1929 | $18.66 |
| 619 West 54th Street | 320K SF | 10 | 1900 | $9.80 |
| 609 West 51st Street | 122K SF | 7 | 1924 | $11.64 |
| 600 West 58th Street | 67K SF | 10 | 2015 | $8.71 |
| 555 West 57th Street | 581K SF | 20 | 2005 | $15.53 |
| 524 West 57th Street | 52K SF | 8 | 1912 | $9.86 |
| 513 West 56th Street | 186K SF | 10 | 1984 | $12.01 |
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 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other addresses
- 775-787 Eleventh Avenue; 601-617 West 54th Street; 600-616 West 55th Street
- ZIP code
- 10019
- Building type
- Office condominium (city class RB)
- Total floor area
- 369,656 SF
- Commercial floor area
- 369,656 SF
- Office
- 369,656 SF
- Height
- 10 floors
- Average floor
- About 37,000 SF (floor area divided by floors)
- Year built
- 1929
- Last major alteration
- 2016
- Lot area
- 45,187 SF
- Zoning district
- M2-4
- Built FAR
- 8.18
- Max commercial FAR
- 5
- Tax lot (BBL)
- 1011027501
Nearest subway
- 50 St
- 59 St-Columbus Circle
- 66 St-Lincoln Center
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 2 storefronts at 787 Eleventh Avenue for December 31, 2025, the newest annual filing the city has published, and none stood vacant that day.
- Storefronts registered for December 31, 2025
- 2
- Vacant that day
- 0
- Share vacant across Hell's Kitchen
- 10.3%
- Share vacant along Eleventh Avenue
- 37.1%
- Share vacant citywide
- 9.2%
- Condominium tax lots that filed
- 1
Vacant on December 31, by year
Need a storefront in Hell's Kitchen? Get matchedNYC storefront vacancy report
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 lot 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
787 Eleventh Avenue is a condominium of 6 tax lots. GEORGETOWN ELEVENTH AVENUE OWNERS, LLC, one of 2 owners of record on the roll, owns the units that make up 68% of its market value. For tax year 2026/27 the city values 787 Eleventh Avenue at $204.2 million and assesses it at $91.9 million. After phase-ins and exemptions its taxable value is $63.6 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 $6.9 million a year before abatements, roughly $18.66 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
- GEORGETOWN ELEVENTH AVENUE OWNERS, LLC (68% of market value)
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $204,246,801
- Land market value
- $11,297,000
- Assessed value
- $91,911,061
- Taxable value (phased in)
- $87,695,991
- Exemptions
- $24,115,817
- Estimated yearly tax
- About $6.9 million
- Tax per SF of floor area
- About $18.66
- Condominium tax lots
- 6
- Owners of record
- 2
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, summed over 6 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
One public company and 2 investment managers and funds give 787 Eleventh Avenue as their office address in SEC filings.
Public company
Investment managers and funds
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 Department of Buildings permits
Work permits and build-outs
In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 787 Eleventh Avenue. In the last two years, interior work was permitted on 6 floors (floors 1 to 5 and 10 and the cellar). The newest build-out, on floors 1 to 5 and the cellar, was first permitted in July 2025 (construction; filed cost estimate $78,000).
- New jobs, last 12 months
- 1
- Initial permits, last 12 months
- 1
- Newest job first permitted
- October 2026
- Interior build-outs, last 24 months
- 2
- Floors with interior work, last 24 months
- 1 to 5 and 10, cellar
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 office space listed in Hell's Kitchen yet
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Before you sign
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Questions about 787 Eleventh Avenue
How big is 787 Eleventh Avenue?
787 Eleventh Avenue has about 370,000 square feet of floor area in total, including 370,000 square feet of office, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 787 Eleventh Avenue built?
City records list 1929 as the year built, with a major alteration recorded in 2016. The building is 10 floors tall.
What other addresses does 787 Eleventh Avenue have?
City records list 775-787 Eleventh Avenue, 601-617 West 54th Street and 600-616 West 55th Street on the same tax lot (BBL 1011027501) as 787 Eleventh Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 787 Eleventh Avenue?
787 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 787 Eleventh Avenue, New York, NY 10019, in Hell's Kitchen.
What is the zoning at 787 Eleventh Avenue?
The lot is in the M2-4 zoning district. PLUTO lists a built floor area ratio (FAR) of 8.18 and a maximum commercial FAR of 5 for this lot.
What subway station is closest to 787 Eleventh Avenue?
The closest subway station to 787 Eleventh Avenue is 50 St (the C and E trains), about 0.6 miles away in a straight line, roughly 12 minutes on foot. The MTA lists it as partly accessible. Also nearby: 59 St-Columbus Circle (the 1, A, B, C and D trains), 12 min walk; 66 St-Lincoln Center (the 1 train), 13 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 787 Eleventh Avenue?
787 Eleventh Avenue is a condominium of 6 tax lots. GEORGETOWN ELEVENTH AVENUE OWNERS, LLC, one of 2 owners of record on the roll, owns the units that make up 68% of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 1011027501). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.
Who are the tenants at 787 Eleventh Avenue?
Leasemark does not have the building's tenant roster, but SEC filings name companies with offices at 787 Eleventh Avenue. One public company reports the address as its principal executive office: PERSHING SQUARE INC. (PS). 2 investment managers and funds file 13F holdings reports from the address: Pershing Square Capital Management, L.P.; and Pershing Square Management, LLC. 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.
Is there construction at 787 Eleventh Avenue?
In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 787 Eleventh Avenue. In the last two years, interior work was permitted on 6 floors (floors 1 to 5 and 10 and the cellar). The newest build-out, on floors 1 to 5 and the cellar, was first permitted in July 2025 (construction; filed cost estimate $78,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1011027501. 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 787 Eleventh Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $63.6 million for 787 Eleventh Avenue (the sum of its 6 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 $6.9 million a year, roughly $18.66 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1011027501 show the actual bill.
What is the assessed value of 787 Eleventh Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 787 Eleventh Avenue at $204.2 million ($11.3 million of it land) and its assessed value at $91.9 million, the 45% of market value the city assesses for Class 4 property.
Are there vacant storefronts at 787 Eleventh Avenue?
Owners registered 2 storefronts at 787 Eleventh Avenue for December 31, 2025, the newest annual filing the city has published, and none stood vacant that day. 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 787 Eleventh Avenue?
No space at 787 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