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Office Building with Social Stair
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1 Penn Plaza, New York, NY 10119

Amenity-rich office building with a social stair connecting the main entrance to WorkLife amenities on upper levels.

Property Size7,234 SF
Days on Market508

Property Features for 1 Penn Plaza

General Information

Standard status Active
Size 7,234 SF
Property subtype OFFICE

Amenities

WorkLife
Office Hours
Blue Bottle
Blue Ribbon Sushi & Steak
social stair
The Landing
Life Time
WorkLife Meetings
WorkLife Office Suites
Listing Agency: Vornado Realty Trust - Corporate
Listed By: Josh Glick
Source: Moodyscre
Added: Mar 10, 2025 Changed: Jul 30 Last Checked: Jul 30 at 1:16PM

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.

This office building is centered on WorkLife, an amenity ecosystem designed to support both work and self-care. The lobby includes two grab-and-go food options, along with a dining experience featuring traditional Japanese cuisine with a modern-day steakhouse. 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 for casual meetings or private events.

Level two features The Landing, a full-service restaurant with private dining rooms, plus multiple tenant lounges for socializing and working. The building also includes 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.

Significant exterior upgrades include full facade painting, changing the mullions from silver to black, and distinctive color-change lighting in the building crown that illuminates PENN 1’s presence in the skyline. The total listed property size is 7,234 SF.

Key Highlights

  • Social stair connects the first‑level entrance to WorkLife amenities on levels two and three with bleacher seating and large LED panels
  • Life Time 53,000 SF fitness and wellness center
  • WorkLife Meetings 20,000 SF conferencing facility

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 - Amenity-rich office building with a social stair connecting the main entrance to WorkLife amenities on upper 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: Social stair connects the first‑level entrance to WorkLife amenities on levels two and three with bleacher seating and large LED panels; Life Time 53,000 SF fitness and wellness center; WorkLife Meetings 20,000 SF conferencing facility
(212) 894-7413 Call to check price and availability
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