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1 Penn Plaza, New York, NY

Transformed office building with extensive amenities in THE PENN DISTRICT.

Space Size1,221 SF - 61,346 SF
Lot Size2.95 Acres
Days on Market1133

Property Features for 1 Penn Plaza

General Information

Standard status Active
Size 1,221 SF - 61,346 SF
Lot size 2.95 Acres
Property subtype RETAIL

Spaces For Lease

at 1 Penn Plaza Contact us
Name Size Type Rate Availability
250 W 34th St 1,366 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
250 W 34th St 6,200 SF RETAIL Contact for pricing AVAILABLE, Now Contact us
Penn 1 3,725 SF RETAIL Contact for pricing AVAILABLE, Now Contact us
Penn 1 1,361 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
Penn 1 2,762 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
Penn 1 4,104 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
Penn 1 3,470 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
Penn 1 7,606 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
250 W 34th St 24,950 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
Penn 1 12,142 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
Penn 1 4,694 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
Penn 1 8,114 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
Penn 1 3,075 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
Penn 1 3,948 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
Penn 1 20,069 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
250 W 34th St 15,437 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
Penn 1 24,632 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
Penn 1 7,496 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
Penn 1 7,744 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
Penn 1 9,392 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
Penn 1 19,004 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
Penn 1 2,077 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
Penn 1 61,346 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
Penn 1 1,989 SF RETAIL Contact for pricing AVAILABLE, Now Contact us
Penn 1 7,188 SF RETAIL Contact for pricing AVAILABLE, Now Contact us
Penn 1 7,400 SF RETAIL Contact for pricing AVAILABLE, Now Contact us
Penn 1 1,221 SF RETAIL Contact for pricing AVAILABLE, Now Contact us
Penn 1 17,063 SF RETAIL Contact for pricing AVAILABLE, Now Contact us
Penn 1 1,993 SF RETAIL Contact for pricing AVAILABLE, Now Contact us
Penn 1 2,273 SF RETAIL Contact for pricing AVAILABLE, Now Contact us
Penn 1 3,568 SF RETAIL Contact for pricing AVAILABLE, Now Contact us
250 W 34th St 5,405 SF RETAIL Contact for pricing AVAILABLE, On Available Date Contact us
Listing Agency: Vornado Realty Trust - Corporate
Listed By: Edward Hogan
Source: Moodyscre
Added: Sep 6, 2023 Changed: Sep 8 Last Checked: Oct 11 at 3:40AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Vornado Realty Trust - Corporate

Investment Insights

Based on property information with market context.

Vornado's transformation of PENN 1 has redefined the office experience in THE PENN DISTRICT. The property offers 2,984 square feet of office space. The first three levels deliver WorkLife, an amenity ecosystem for tenants. The lobby includes grab-and-go food options such as Office Hours and Blue Bottle, as well as Blue Ribbon Sushi & Steak, a dining experience combining Japanese cuisine with a modern steakhouse. A social stair connects the main entrance to amenities on levels two and three, featuring bleacher seats and large LED panels suitable for meetings or events. Level two features The Landing, a full-service restaurant with private dining rooms, tenant lounges, Life Time, a 53,000 SF fitness and wellness center, WorkLife Meetings, a 20,000 SF conferencing facility, and WorkLife Office Suites, offering over 80,000 SF of adaptable workspace. Exterior upgrades include full facade painting, changing the mullions from silver to black, and distinctive color change lighting in the building crown.

Key Highlights

  • Extensive amenity ecosystem (WorkLife) focused on work and self‑care.
  • Enjoy on‑site dining options including grab‑and‑go and a full‑service restaurant (Blue Ribbon Sushi & Steak).
  • 53,000 SF Life Time fitness and wellness center.

Property Analytics

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Current Use

Dennis/Dennis - Morgan Stanley Financial Advisor Water Street Wealth ... Financial Advisor Jamba Specialty Food Shop

Suggested Use

Top Pick Pet Grooming Service Buffet Adult Day Care Nursing Home Parking Lot & Garage Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

69,383
Businesses Nearby
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for New York, NY

$46.6 /SF/Yr
Avg Asking Price
$11.91–$109 /SF/Yr
Price Range
13,028 SF
Avg Space Size

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Transformed office building with extensive amenities in THE PENN DISTRICT.
Where is this office units located?
The property is located at 1 Penn Plaza New York, NY.
What are key features of this property?
This property features: Extensive amenity ecosystem (WorkLife) focused on work and self‑care.; Enjoy on‑site dining options including grab‑and‑go and a full‑service restaurant (Blue Ribbon Sushi & Steak).; 53,000 SF Life Time fitness and wellness center.
(212) 894-7988 Call to check price and availability
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