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Office Space in Penn Plaza
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2 W 32nd St, New York, NY 10001

Office space available for rent in Penn Plaza submarket.

Space Size1,500 SF
Property Size26,900 SF
Days on Market259

Property Features for 2 W 32nd St

General Information

Standard status Active
Size 1,500 SF
Class C
Property subtype Office

Building Details

Building Size 26,900 SF
Year Built 1921

Spaces For Lease

at 2 W 32nd St Contact us

Partial 1st Floor

Size
1,500 SF
Type
Street Retail
Term
Negotiable
Rate
Contact for pricing
Contact us
Listing Agency: Lee & Associates - New York
Listed By: Olivia Hwang · License #10401290122
Source: Lee-associates
Added: Nov 26, 2025 Changed: Aug 8 Last Checked: Aug 8 at 5:27AM

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 Lee & Associates - New York

Investment Insights

Based on property information with market context.

This is an office space available for rent, situated within the Penn Plaza/Garment submarket. The property offers a partial first-floor location and encompasses a total area of 26,900 square feet.

Key Highlights

  • Located in the Penn Plaza/Garment Submarket
  • Partial 1st Floor
  • Built in 1921

Property Analytics

Current Use

Kushi Kushi Yaki ... Restaurant Queen Diet USA Medical Clinic Karaoke K Nightclub Que In Herb and Acupuncture Alternative Medicine Practice Bock Richard Physician

Suggested Use

Top Pick Pet Grooming Service (Bike/Boat/Book/etc) Store Buffet Locksmith Parking Lot & Garage Plumbing Service

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

91,205
Businesses Nearby

Demographics for 10001, NY

32,612
Population
17,554
Households
1.9
Avg Household Size
35
Median Age
72%
College-Educated
93%
High-School Grad
0.6 sq mi
ZIP Area
54,353
Density / Sq Mi
$123,393
Median Household Income
$97,848
Median Earnings
$3,024
Median Rent
$793,000
Median Home Value

Market

Lease Benchmarks for New York, NY

$47.92 /SF/Yr
Avg Asking Price
$11.91–$109 /SF/Yr
Price Range
12,508 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 available for rent in Penn Plaza submarket.
Where is this office units located?
The property is located at 2 W 32nd St New York, NY.
What are key features of this property?
This property features: Located in the Penn Plaza/Garment Submarket; Partial 1st Floor; Built in 1921
More about this property
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