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Office Unit in PENN 1
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1 Penn Plaza, New York, NY 10119

Office space with dining, wellness, conferencing, and tenant lounge amenities.

Space SizeContact for details
Property Size1,361 SF
Days on Market455

Property Features for 1 Penn Plaza

General Information

Standard status Active
Size 1,361 SF
Property subtype OFFICE

Additional Details

Space Use Office

Amenities

grab and go food
Blue Ribbon Sushi & Steak
social stair
The Landing restaurant
private dining rooms
tenant lounges
Life Time fitness center
WorkLife Meetings conferencing facility
crown lighting
Listing Agency: Vornado Realty Trust - Corporate
Listed By: Josh Glick
Source: Moodyscre
Added: May 7, 2025 Changed: Jul 31 Last Checked: Aug 4 at 3:44AM

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 1,361-square-foot office unit is located within PENN 1, a transformed midcentury office building in Manhattan’s PENN DISTRICT. The property’s first three levels feature WorkLife, an amenity ecosystem supporting work and self-care, with tenant lounges, adaptable workspace, dining, fitness, wellness, and conferencing facilities.

Building amenities include grab-and-go food options from Office Hours and Blue Bottle, Blue Ribbon Sushi & Steak, The Landing full-service restaurant with private dining rooms, and a social stair connecting the main entrance with upper-level amenities. Life Time operates a 53,000 SF fitness and wellness center, while WorkLife Meetings provides a 20,000 SF conferencing facility. WorkLife Office Suites offers over 80,000 SF of adaptable workspace. PENN 1 is located at 1 Penn Plaza, New York, NY 10119.

Key Highlights

  • 1361 square feet of office space within PENN 1
  • WorkLife amenity ecosystem spans the building’s first three levels
  • Life Time fitness and wellness center measures 53,000 SF

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

$47.13 /SF/Yr
Avg Asking Price
$4.17–$109 /SF/Yr
Price Range
11,202 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 units - Office space with dining, wellness, conferencing, and tenant lounge amenities.
Where is this office units located?
The property is located at 1 Penn Plaza New York, NY.
What are key features of this property?
This property features: 1361 square feet of office space within PENN 1; WorkLife amenity ecosystem spans the building’s first three levels; Life Time fitness and wellness center measures 53,000 SF
(212) 894-7413 Call to check price and availability
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