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

Amenity-focused office building featuring a social stair connecting main entrance to second- and third-level spaces.

Property Size4,734 SF
Days on Market542

Property Features for 1 Penn Plaza

General Information

Standard status Active
Size 4,734 SF
Property subtype OFFICE
Listing Agency: Vornado Realty Trust - Corporate
Listed By: Josh Glick
Source: Moodyscre
Added: Feb 3, 2025 Changed: Jul 27 Last Checked: Jul 29 at 12:38PM

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 at 1 Penn Plaza is designed around tenant work and self-care, with the first three levels delivering WorkLife. The lobby includes grab-and-go dining options (Office Hours and Blue Bottle) as well as Blue Ribbon Sushi & Steak. A social stair links the main entrance to amenities on levels two and three, with bleacher-style seating and large LED panels intended for casual meetings or private events. Level two features The Landing full-service restaurant with private dining rooms, multiple tenant lounges for working and socializing, and WorkLife programming that includes a full-service Life Time fitness and wellness center, WorkLife Meetings conferencing space, and WorkLife Office Suites adaptable workspace.

Exterior upgrades include full facade painting, changing mullions from silver to black, along with distinctive color-change lighting in the building crown.

Key Highlights

  • Social stair connects the main entrance on Level 1 to amenities on Levels 2 and 3, with bleacher seats and large LED panels.
  • Level 2 includes The Landing full‑service restaurant with private dining rooms, plus multiple tenant lounges.
  • Life Time on‑site: 53,000 SF 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

$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-focused office building featuring a social stair connecting main entrance to second- and third-level spaces.
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 main entrance on Level 1 to amenities on Levels 2 and 3, with bleacher seats and large LED panels.; Level 2 includes The Landing full‑service restaurant with private dining rooms, plus multiple tenant lounges.; Life Time on‑site: 53,000 SF fitness and wellness center.
(212) 894-7413 Call to check price and availability
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