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

Office building featuring a social stair connecting the main entrance to multi-level tenant amenities and workspace.

Property Size12,142 SF
Days on Market1194

Property Features for 1 Penn Plaza

General Information

Standard status Active
Size 12,142 SF
Property subtype OFFICE

Amenities

WorkLife amenity ecosystem
grab and go food (Office Hours, Blue Bottle)
Blue Ribbon Sushi & Steak
social stair with bleacher seats and LED panels
The Landing full-service restaurant with private dining rooms
multiple tenant lounges
Life Time fitness and wellness center
WorkLife Meetings conferencing facility
WorkLife Office Suites
facade painting
color change lighting in building crown
Listing Agency: Vornado Realty Trust - Corporate
Listed By: Josh Glick
Source: Moodyscre
Added: Apr 24, 2023 Changed: Jul 29 Last Checked: Jul 29 at 3:32PM

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 includes a social stair that connects the main entrance on the first level to amenity spaces on levels two and three. The lobby is designed with grab-and-go dining options, including Office Hours and Blue Bottle, as well as Blue Ribbon Sushi & Steak. The social stair area also includes bleacher seats and large LED panels suited for casual meetings or private events.

Level two features The Landing, a full-service restaurant with private dining rooms, along with multiple tenant lounges for socializing and working. Additional level two and three amenities described in the property include Life Time, a 53,000 SF fitness and wellness center, WorkLife Meetings, a 20,000 SF conferencing facility, and WorkLife Office Suites, with over 80,000 SF of adaptable workspace.

The exterior upgrades referenced include full facade painting, changing the mullions from silver to black, and distinctive color-change lighting in the building crown.

Key Highlights

  • Office building with a social stair connecting the main entrance to amenities on levels 2 and 3
  • Level 2 includes The Landing full‑service restaurant with private dining rooms and multiple tenant lounges
  • Level 2 features Life Time, a 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
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Office building featuring a social stair connecting the main entrance to multi-level tenant amenities and workspace.
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: Office building with a social stair connecting the main entrance to amenities on levels 2 and 3; Level 2 includes The Landing full‑service restaurant with private dining rooms and multiple tenant lounges; Level 2 features Life Time, a 53,000 SF fitness and wellness center
(212) 894-7413 Call to check price and availability
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