|Address:||41 East 11th Street||Class:||B|
|Cross Streets:||University Place & Broadway||Size:||220,000 SF|
The boutique office building rising at 41 East 11th Street in Midtown South was completed in 1890 and was previously known as 95 University Place. It has a long and rich history, with its first pneumatic pump installed by Thomas Edison himself. The pump remained on-site until 1987, after which it was donated to the Pratt Institute. The 41 East 11th Street property has been renovated several times throughout the years and today houses various clients in industries like tech, healthcare, and education.
220 KSF of Class B Greenwich Village Office Space
The 41 East 11th Street property features 220,000 square feet of Class B Greenwich Village office space across 11 floors. Owned and managed by Thomas F. Campenni Company, the building was renovated several times throughout its history. The historic building incorporates 2,500 square feet of retail space and features exposed brick, an attended lobby, and hardwood floors. It also features an ornate lobby with marble floors, stained-glass windows, and modern, energy-efficient light fixtures.
Getting to and from 41 East 11th Street
The building at 41 East 11th Street benefits from an excellent location in the heart of Midtown South, close to Union Square and Washington Square Park. The property is also just a five-minute walk to the 14th Street-Union Square subway station and six blocks from New York University.
Who is renting office space at 41 East 11th Street?
41 East 11th Street is home to various high-profile office tenants in healthcare, education, technology, and financial services. Notable tenants include New York University, Northwestern Mutual, TechSpace, Alloy, Washington Square Institute, LaForce + Stevens, and Shift Integrative Medicine. The ground floor houses the Village Taverna Greek Grill restaurant.
How much is the rent price for office space at 41 East 11th Street?
Office asking rents at 41 East 11th Street hover around $55 per square foot, while retail rents average at $115 per square foot. Rents at the building are roughly on par with average rents commanded by Class B commercial space in Midtown South. The excellent location, combined with the modern amenities, makes 41 East 11th Street a perfect fit for small and mid-sized companies in education, healthcare, or technology.
Image via Google Street View