# 261 11th Avenue, Manhattan Commercial · built c. 1892 · Block 673, Lot 1. On Umarelli: https://umarelli.org/nyc/1006730001/261-11-avenue More construction in Chelsea: https://umarelli.org/nyc/manhattan/chelsea.md ## Building permits - Alteration, filed Oct 2, 2026, estimated cost $4K, described as “Installation of accessory blade sign below existing marquee” - Alteration, filed Oct 2, 2026, estimated cost $6K, described as “Installation of indirect illuminated accessory signage on existing marquee above first floor entrance.” - No Work, filed Sep 9, 2026, described as “Private TPA events with lectures and eating and drinking on 1st, 2nd and 3rd floor.” - No Work, filed Aug 26, 2026, described as “Private TPA Event for 460 persons.” - Alteration, filed Aug 12, 2026, estimated cost $4K, described as “Install an externally illuminated, non-structural, fabricated aluminum accessory business wall sign "b" reading "the mallory," mounted to existing marquee structure. No change to use, egress, or occupancy. Work per LPC-27-00555.” - Alteration, filed Aug 12, 2026, estimated cost $4K, described as “Install an externally illuminated, non-structural, fabricated aluminum accessory business wall sign reading "the mallory," mounted to existing marquee structure. No change to use, egress, or occupancy. Work per LPC-27-00555.” - No Work, filed Jun 29, 2026 - No Work, filed Jun 9, 2026, described as “Private TPA event for 700 persons.” - Alteration, filed Jun 9, 2026, estimated cost $15K, described as “Temporary structures associated with one-time TPA M01409354-I1 event. To be removed after event.” - No Work, filed May 18, 2026 - No Work, filed May 18, 2026 - No Work, filed May 18, 2026 - Alteration, filed Apr 22, 2026, estimated cost $2K, described as “Illuminated non-advertising accessory sign on existing marquee approved under NYC landmark preservation commission docket# 26-08191 - timber lobby. No change of use, egress or occupancy.” - Alteration, filed Apr 22, 2026, estimated cost $2K, described as “Illuminated non-advertising accessory sign on existing marquee approved under NYC landmark preservation commission docket# 26-08191 - hudson lobby. No change of use, egress or occupancy.” - Alteration, filed Mar 18, 2026, estimated cost $500K, described as “Structural modifications on floors 2-7 and associated slab removals as per plans filed herewith. No changes in use, egress or occupancy.” - No Work, filed Mar 2, 2026, described as “American Stroke Association, a division of the American Heart Association stationary biking event focused on stroke and brain health awareness. 75 bikes with riders across multiple corporate real estate entities riding for a world with…” - Alteration, filed Feb 20, 2026, estimated cost $36K, described as “Temporary structures for an event. To be removed at the end of the programing. No changes to existing structures, use or egress or historical fabric. Associated TPA M01311194.” - No Work, filed Feb 20, 2026, described as “Event with product exhibition by invitation only.” - Alteration, filed Feb 17, 2026, estimated cost $763K, described as “General construction on floors Cel and 1st as per plans filed herewith. No changes in use, egress or occupancy.” - Alteration, filed Feb 13, 2026, estimated cost $371K, described as “Mechanical modifications on floors Cel and 1st as per plans filed herewith. No changes in use, egress or occupancy.” - Alteration, filed Feb 13, 2026, estimated cost $29K, described as “Sprinkler modifications on floors Cel and 1st as per plans filed herewith. No changes in use, egress or occupancy.” - Alteration, filed Feb 13, 2026, estimated cost $152K, described as “Plumbing modifications on floors Cel (including underground) and 1st as per plans filed herewith. No changes in use, egress or occupancy.” - Alteration, filed Jan 28, 2026, estimated cost $126K, described as “Structural modifications and framing on floors 3-4 as per plans filed herewith. No changes in use, egress or occupancy.” - Alteration, filed Jan 26, 2026, estimated cost $183K, described as “Sprinkler modifications on floors 1-3 and Standpipe modifications on floors 1-2 as per plans filed herewith. No changes in use, egress or occupancy.” - Alteration, filed Jan 26, 2026, estimated cost $4.4M, described as “General construction on floors 1-3 as per plans filed herewith. No changes in use, egress or occupancy.” 101 more, older permits are in this building’s full list on the map: https://umarelli.org/nyc/1006730001/261-11-avenue. ## Property taxes - Assessment: $219,748,500 - 2026–27 tax: $8,780,502 - Market value (city estimate): $488,330,000 - Taxable value: $184,184,279 - Assessed land: $12,240,000 - Assessed improvements: $207,508,500 ## Tax breaks - ICAP abatement, through Jun 30, 2035, a $11,199,809 credit this tax year. ## Zoning M2-4: floor area ratio 8.54 built, above the 5.00 base zoning allows, which bonuses, transfers or older rules can permit. ## Recent sales - Oct 23, 2018: $880,000,000 Open-market sales since 2016, from the Department of Finance’s sales files. ## Flood zone Current FEMA flood map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 10 ft (NGVD29). ## Landmarks Part of West Chelsea Historic District (Historic District). 50 Landmarks Preservation Commission permits are on file. ## Board and land use applications - Starrett-Lehigh + Terminal Warehouse Rezoning (City Planning P2018M0081): Completed, decided Dec 21, 2021. This is a private application to expand the uses and signage for the landmarked Starrett Lehigh Building ## In the news [YIMBY Tours Terminal Warehouse At 261 Eleventh Avenue in West Chelsea, Manhattan](https://newyorkyimby.com/2023/11/yimby-tours-terminal-warehouse-at-261-eleventh-avenue-in-west-chelsea-manhattan.html), New York YIMBY, Nov 30, 2023. From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology