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

Multi-level office building with conferencing space, adaptable work areas, and a full-service fitness and wellness center.

Property Size4,104 SF
Days on Market281

Property Features for 1 Penn Plaza

General Information

Standard status Active
Size 4,104 SF
Property subtype OFFICE

Amenities

Office Hours
Blue Bottle
Blue Ribbon Sushi & Steak
social stair
The Landing full-service restaurant
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: Oct 23, 2025 Changed: Jul 29 Last Checked: Jul 29 at 6:00AM

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 created a multi-level office building centered on work and self-care. The lobby includes grab-and-go dining options, and a social stair connects the main entrance on the first level to amenities on the second and third levels, with bleacher seating and large LED panels for casual meetings or private events. Level two features The Landing restaurant with private dining rooms, multiple tenant lounges, and WorkLife Meetings conferencing space. The building also includes Life Time, a 53,000 SF fitness and wellness center, along with WorkLife Office Suites offering adaptable workspace.

Exterior upgrades include full facade painting and distinctive color-change lighting in the building crown. The property is located at 1 Penn Plaza in New York’s Penn District.

Key Highlights

  • Multi‑level office building featuring conferencing space and adaptable work areas, plus a full‑service fitness and wellness center.
  • First three levels include WorkLife amenity ecosystem for tenants, including Office Hours and Blue Bottle grab‑and‑go options in the lobby.
  • Level two includes The Landing full‑service restaurant with private dining rooms and multiple tenant lounges.

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 - Multi-level office building with conferencing space, adaptable work areas, and a full-service fitness and wellness center.
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: Multi‑level office building featuring conferencing space and adaptable work areas, plus a full‑service fitness and wellness center.; First three levels include WorkLife amenity ecosystem for tenants, including Office Hours and Blue Bottle grab‑and‑go options in the lobby.; Level two includes The Landing full‑service restaurant with private dining rooms and multiple tenant lounges.
(212) 894-7413 Call to check price and availability
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