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

For-rent office building featuring a Life Time fitness and wellness center and WorkLife conferencing spaces.

Property Size12,315 SF
Days on Market743

Property Features for 1 Penn Plaza

General Information

Standard status Active
Size 12,315 SF
Property subtype OFFICE

Amenities

WorkLife ecosystem
Office Hours grab and go
Blue Bottle grab and go
Blue Ribbon Sushi & Steak
social stair
The Landing restaurant
private dining rooms
tenant lounges
Life Time fitness center
WorkLife Meetings conferencing facility
WorkLife Office Suites
Listing Agency: Vornado Realty Trust - Corporate
Listed By: Josh Glick
Source: Moodyscre
Added: Jul 18, 2024 Changed: Jul 30 Last Checked: Jul 30 at 3:42AM

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.

1 Penn Plaza in New York is an office building designed around tenant work and self-care through its WorkLife amenity ecosystem. The first three levels deliver WorkLife, supported by an amenity-focused lobby with grab-and-go food options and dining including Office Hours and Blue Bottle, plus Blue Ribbon Sushi & Steak. A social stair connects the main entrance on the first level to amenities on levels two and three, with bleacher seats and large LED panels suited to casual meetings or private events.

Level two includes The Landing, a full-service restaurant with private dining rooms and multiple tenant lounges for socializing and working. Also on level two are Life Time, a 53,000 SF fitness and wellness center, and WorkLife Meetings, a 20,000 SF conferencing facility. WorkLife Office Suites are over 80,000 SF of adaptable workspace.

The exterior upgrades included full facade painting, changing mullions from silver to black, along with color change lighting in the building crown. The recorded property size is 12,315 SF.

Key Highlights

  • Recorded property size: 12,315 SF
  • WorkLife amenity ecosystem on the first three levels
  • Life Time fitness and wellness center: 53,000 SF

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 - For-rent office building featuring a Life Time fitness and wellness center and WorkLife conferencing spaces.
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: Recorded property size: 12,315 SF; WorkLife amenity ecosystem on the first three levels; Life Time fitness and wellness center: 53,000 SF
(212) 894-7413 Call to check price and availability
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