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Amenity-Rich Office Unit
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1 Penn Plaza, New York, NY 10119

Office space within PENN 1’s WorkLife amenity ecosystem, with dining, wellness, conferencing, and adaptable workspace throughout the building.

Property Size1,989 SF
Days on Market1061

Property Features for 1 Penn Plaza

General Information

Standard status Active
Size 1,989 SF
Property subtype RETAIL
Listing Agency: Vornado Realty Trust - Corporate
Listed By: Edward Hogan
Source: Moodyscre
Added: Sep 6, 2023 Changed: Jul 31 Last Checked: Jul 31 at 9:26AM

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 1,989-square-foot office unit is located within PENN 1, a midcentury office building repositioned with a broad tenant amenity program. The first three levels feature WorkLife amenities, including tenant lounges, grab-and-go food options, dining, wellness facilities, conferencing space, and adaptable office suites. A social stair connects the main entrance with the upper amenity levels and includes bleacher seating and large LED panels for meetings or events.

Building amenities include 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. Dining options include Office Hours, Blue Bottle, Blue Ribbon Sushi & Steak, and The Landing restaurant with private dining rooms. PENN 1 is located at 1 Penn Plaza in New York.

Key Highlights

  • 1,989‑square‑foot office unit at PENN 1
  • WorkLife amenities span the building’s first three levels
  • 53,000 SF Life Time fitness and wellness center

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

$52.42 /SF/Yr
Avg Asking Price
$4.17–$240 /SF/Yr
Price Range
5,627 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 - Office space within PENN 1’s WorkLife amenity ecosystem, with dining, wellness, conferencing, and adaptable workspace throughout the building.
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: 1,989‑square‑foot office unit at PENN 1; WorkLife amenities span the building’s first three levels; 53,000 SF Life Time fitness and wellness center
(212) 894-7988 Call to check price and availability
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