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Office Building with WorkLife Amenities
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1 Penn Plaza, New York, NY 10119

Penn 1 offers adaptable office suites and multiple WorkLife amenities across the building’s first three levels.

Property Size61,346 SF
Days on Market84

Property Features for 1 Penn Plaza

General Information

Standard status Active
Size 61,346 SF
Property subtype OFFICE

Amenities

grab and go food
Office Hours
Blue Bottle
Blue Ribbon Sushi & Steak
social stair
bleacher seats
LED panels
The Landing
private dining rooms
tenant lounges
Life Time fitness center
WorkLife Meetings conferencing facility
Listing Agency: Vornado Realty Trust - Corporate
Listed By: Josh Glick
Source: Moodyscre
Added: May 8 Changed: Jul 27 Last Checked: Jul 25 at 7:30AM

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.

Penn 1 is an office building featuring a WorkLife amenity ecosystem across the first three levels. The lobby includes grab-and-go dining options, and a social stair connects the main entrance to amenities on levels two and three, with bleacher seating and large LED panels designed for casual meetings or private events. Level two includes The Landing, a full-service restaurant with private dining rooms and multiple tenant lounges, along with Life Time, a fitness and wellness center, WorkLife Meetings, a conferencing facility, and WorkLife Office Suites with adaptable workspace.

The building at 1 Penn Plaza, New York, NY 10119 has undergone significant exterior upgrades, including full facade painting and color change lighting in the building crown.

Overall, the offering combines office accommodations with on-site conferencing, dining, fitness, and tenant lounge space within a multi-level amenity program.

Key Highlights

  • WorkLife amenity ecosystem across the building’s first three levels for tenants to focus on work and self‑care
  • Level two includes The Landing full‑service restaurant with private dining rooms plus multiple tenant lounges
  • Life Time offers a 53,000 SF fitness and wellness center on level two

Property Analytics

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 Locksmith (Bike/Boat/Book/etc) Store

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

Demographics for 10119, NY

154
Population
3
Households
51.3
Avg Household Size
44
Median Age

Market

Lease Benchmarks for New York, NY

$54.13 /SF/Yr
Avg Asking Price
$37–$65 /SF/Yr
Price Range
148,527 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 building - Penn 1 offers adaptable office suites and multiple WorkLife amenities across the building’s first three levels.
Where is this office building located?
The property is located at 1 Penn Plaza New York, NY.
What are key features of this property?
This property features: WorkLife amenity ecosystem across the building’s first three levels for tenants to focus on work and self‑care; Level two includes The Landing full‑service restaurant with private dining rooms plus multiple tenant lounges; Life Time offers a 53,000 SF fitness and wellness center on level two
(212) 894-7413 Call to check price and availability
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