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1 Penn Plaza, New York, NY 10119

Workspace at PENN 1 with access to dining, wellness, conferencing, and tenant lounge amenities.

Space SizeContact for details
Property Size17,665 SF
Days on Market324

Property Features for 1 Penn Plaza

General Information

Standard status Active
Size 17,665 SF
Property subtype OFFICE

Amenities

WorkLife
Office Hours
Blue Bottle
Blue Ribbon Sushi & Steak
social stair
The Landing
Life Time fitness and wellness center
WorkLife Meetings
WorkLife Office Suites
Listing Agency: Vornado Realty Trust - Corporate
Listed By: Josh Glick
Source: Moodyscre
Added: Sep 15, 2025 Changed: Jul 31 Last Checked: Aug 3 at 1:26PM

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 17,665-square-foot office offering is located within PENN 1, a transformed midcentury office building in THE PENN DISTRICT. The property provides access to WorkLife, a multi-level tenant amenity ecosystem designed around work and self-care, along with adaptable workspace options through WorkLife Office Suites.

Building amenities include two grab-and-go food options, Blue Bottle, Blue Ribbon Sushi & Steak, The Landing restaurant with private dining rooms, tenant lounges, and a social stair with bleacher seating and large LED panels for meetings or private events. PENN 1 also features Life Time, a 53,000 SF fitness and wellness center, and WorkLife Meetings, a 20,000 SF conferencing facility. Exterior improvements include full facade painting and color-change lighting in the building crown.

Key Highlights

  • 17,665‑square‑foot office offering at PENN 1
  • WorkLife Office Suites provide over 80,000 SF of adaptable workspace
  • Life Time fitness and wellness center spans 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

$47.13 /SF/Yr
Avg Asking Price
$4.17–$109 /SF/Yr
Price Range
11,202 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 - Workspace at PENN 1 with access to dining, wellness, conferencing, and tenant lounge amenities.
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: 17,665‑square‑foot office offering at PENN 1; WorkLife Office Suites provide over 80,000 SF of adaptable workspace; Life Time fitness and wellness center spans 53,000 SF
(212) 894-7413 Call to check price and availability
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