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Multi-Level Office and Amenity Building
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1 Penn Plaza, New York, NY 10119

Modern office building with multiple tenant amenities, dining options, and a full-service fitness and wellness center.

Property Size3,725 SF
Days on Market1061

Property Features for 1 Penn Plaza

General Information

Standard status Active
Size 3,725 SF
Property subtype RETAIL

Amenities

grab and go food
Blue Bottle
Blue Ribbon Sushi & Steak
social stair
full-service restaurant
private dining rooms
tenant lounges
fitness and wellness center
conferencing facility
Listing Agency: Vornado Realty Trust - Corporate
Listed By: Edward Hogan
Source: Moodyscre
Added: Sep 6, 2023 Changed: Jul 28 Last Checked: Jul 31 at 12:25PM

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 multi-level office building is part of the PENN 1 transformation and is designed around a work-and-self-care amenity ecosystem. The first three levels include WorkLife, with grab-and-go dining options and additional food concepts in the lobby. A social stair connects the main entrance on the first level to amenities on levels two and three, featuring bleacher seats and large LED panels suited for casual meetings or private events. Level two includes The Landing full-service restaurant with private dining rooms, tenant lounges, Life Time fitness and wellness center, WorkLife Meetings conferencing space, and adaptable WorkLife Office Suites.

The exterior upgrades include full facade painting and a building crown with color change lighting that illuminates PENN 1’s presence in the skyline. The building is located at 1 Penn Plaza in New York, NY 10119.

Available tenancy will be supported by the building’s on-site dining, conferencing, lounges, and fitness offerings, alongside flexible office suite space described as over 80,000 SF across WorkLife Office Suites.

Key Highlights

  • Modern office building in THE PENN DISTRICT featuring WorkLife tenant amenity ecosystem across the first three levels.
  • Lobby includes grab‑and‑go dining options: Office Hours and Blue Bottle, plus Blue Ribbon Sushi & Steak.
  • Social stair connects the main entrance on level 1 to amenities on levels 2 and 3, with bleacher seats and large LED panels.

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 - Modern office building with multiple tenant amenities, dining options, and a full-service fitness and wellness center.
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: Modern office building in THE PENN DISTRICT featuring WorkLife tenant amenity ecosystem across the first three levels.; Lobby includes grab‑and‑go dining options: Office Hours and Blue Bottle, plus Blue Ribbon Sushi & Steak.; Social stair connects the main entrance on level 1 to amenities on levels 2 and 3, with bleacher seats and large LED panels.
(212) 894-7988 Call to check price and availability
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