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    7 Pennsylvania Plz New York, NY

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    For Lease
    Contact for pricing

    Retail space near Penn Station with excellent city views.

    Property size:
    8,653 SF
    Lot size:
    0.48 Acres

    Property Features for 7 Pennsylvania Plz

    General Information

    Size
    8,653 SF
    Lot size
    0.48 Acres

    Source: The Feil Organization - Corporate Agent Randall Briskin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Corner Retail Space Available

    This retail space is located in a 357,000 square foot office building that features 24/7 access, an attended lobby, and on-site management. The building is home to several ground floor restaurants, retailers, and service companies, as well as various financial and computer industry companies. The property offers excellent city views, natural light, and modernized central air conditioning systems. The space features oversize picture windows facing Madison Square Garden plaza, providing excellent light and vibrant streetscape views. Freight entrances are conveniently located on both West 30th and West 31st Streets. The location provides easy access to Long Island Railroad, New Jersey Transit, Amtrak, and MTA Subway lines. The available space is a prime corner location steps from Penn Station and totals 8,653 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -74.0108336
    Latitude
    40.708487

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    FAQs

    What type of property is this?
    Retail space - Retail space near Penn Station with excellent city views.
    Where is this retail space located?
    The property is located at 7 Pennsylvania Plz New York, NY.
    What are key features of this property?
    This property features: - Prime corner location steps from Penn Station; - Excellent city views and natural light; - 24/7 access and attended lobby
    (212) 563-6557
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7 Pennsylvania Plz New York, NY
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