# 495 11th Avenue, Manhattan

Parking · Block 685, Lot 38.

On Umarelli: https://umarelli.org/nyc/1006850038/495-11-avenue

More construction in Chelsea: https://umarelli.org/nyc/manhattan/chelsea.md

## Building permits

- New Building — High-Rise, filed Oct 15, 2021, estimated cost $397.3M, 1,023 units, 60 stories, described as “Hereby filing for a new mixed-use building developed as two towers on a 5 story base.”
- Alteration, filed May 2, 2023, estimated cost $5K, described as “Construct one 38'-4" curb cut including 2 2'-6" splays located on the south side of west 40 street, 85'-0" west of eleventh avenue, all as approved by dept. Of transportation.”
- Alteration, filed May 2, 2023, estimated cost $4K, described as “Construct one 12'-0" curb cut including 2 - 12" splays located on the south side of west 40 street, 85'-2" west of 11 avenue.”
- Alteration, filed May 2, 2023, estimated cost $8K, described as “Construct on 30 curb cut including 2 24" splays located on the south side of west 40 street, 50'-1" west 0F eleventh avenue.”
- Alteration, filed Jan 26, 2022, estimated cost $2K, described as “Hereby filing for new sprinkler & standpipe system in conjunction with NB# M00601955-I1”
- Alteration, filed Jan 26, 2022, estimated cost $1K, described as “Hereby filing for new temporary standpipe alarm system as per local law 63&64 of 2009. This application is filed in conjuction with NB application #M00601955-I1”
- Alteration, filed Apr 25, 2019, estimated cost $100K, described as “Installation of temporary sidewalk shed per plans. No change in use, egress, and/or occupancy”

## Property taxes

- Assessment: $12,789,900
- Market value (city estimate): $28,422,000
- Taxable value: $0
- Assessed land: $12,789,900

## Zoning

C6-4: floor area ratio 0.00 built, 10.00 allowed by base zoning.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

## Board and land use applications

- 495 Eleventh Ave (Slaughterhouse) (City Planning 2021M0107): Completed, filed Mar 18, 2021, decided Dec 15, 2021. A zoning text amendment (ZR), zoning map amendment (ZM), and site selection and acquisition (PC) - to facilitate a new, 581,601 sf mixed-use development with affordable and supportive housing, hotel and office use, retail, and NYPD vehicle…
- P1980M0167 (City Planning P1980M0167): Completed, decided Mar 20, 1980. SALE OF CITY-OWNED PROPERTY, 3 PARCELS

## In the news

[New Renderings of FXCollaborative’s Two-Tower Development at 495 Eleventh Avenue Revealed in Midtown West, Manhattan](https://newyorkyimby.com/2021/12/new-renderings-of-fxcollaboratives-two-tower-development-at-495-eleventh-avenue-revealed-in-midtown-west-manhattan.html), New York YIMBY, Dec 12, 2021.

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