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    1 Park Ave New York, NY 10016

    For Lease
    Contact for pricing

    Ideally situated office space near major transit hubs.

    Property size:
    8,229 SF
    Lot size:
    1.04 Acres

    Property Features for 1 Park Ave

    General Information

    Size
    8,229 SF
    Lot size
    1.04 Acres

    Source: Vornado Realty Trust - Corporate Agent Anthony Cugini

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

    Overview

    Class A Office Space Available

    The Class A property at One Park Avenue is centrally positioned in a desirable office and residential neighborhood. It is ideally situated and equidistant from Grand Central Terminal and Penn Station, providing access to the LIRR, Metro-North, and New Jersey Transit train lines. The property features a full block-front of retail from 32nd to 33rd Street on Park Avenue and outstanding architectural detail including a gothic lobby with vaulted 20' ceilings. The available office space is 8229 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Hair Salon Spa & Massage Dental Office Nail Salon Food Market Law Firm 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
    -74.007676
    Latitude
    40.712601

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    FAQs

    What type of property is this?
    Office space - Ideally situated office space near major transit hubs.
    Where is this office space located?
    The property is located at 1 Park Ave New York, NY.
    What are key features of this property?
    This property features: - Ideally situated equidistant from Grand Central Terminal and Penn Station.; - Access to LIRR, Metro-North, and New Jersey Transit train lines.; - Class A Property.
    (212) 894-7000
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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
    1 Park Ave New York, NY 10016
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