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Prime Midtown Manhattan Office Building
For Lease
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370 7th Avenue, New York, NY 10001

Coveted business address near transportation, retail, and entertainment.

Space Size8,653 SF - 24,813 SF
Property Size368,000 SF
Days on Market1623

Property Features for 370 7th Avenue

General Information

Standard status Active
Size 8,653 SF - 24,813 SF
Property subtype Retail, Office

Building Details

Building Size 368,000 SF
Year Built 1921
Tenancy Multiple

Spaces For Lease

at 370 7th Avenue Contact us

Floor 15

Size
24,813 SF
Type
Office, Retail
Availability
Active
Contact us

Floor 16

Size
24,813 SF
Type
Office, Retail
Availability
Active
Contact us

Floor 17

Size
8,653 SF
Type
Office, Retail
Availability
Active
Contact us
Listing Agency: The Feil Organization
Listed By: David Turino · License #NY
Source: Crexi
Added: Mar 15, 2022 Changed: Aug 12 Last Checked: Aug 22 at 4:52PM

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 The Feil Organization

Investment Insights

Based on property information with market context.

Located at 370 Seventh Avenue in midtown Manhattan, Seven Penn Plaza is an 18-story building constructed in 1921. The 357,000 square foot office building is situated adjacent to Madison Square Garden and The Paramount Theatre, offering convenient access to Pennsylvania Station, New York’s largest transportation hub. This station provides access to the Long Island Railroad, New Jersey Transit, Amtrak, and MTA Subway lines. The property is located adjacent to the Penn Plaza commercial district, near Herald Center and other department stores. The building features 24/7 access, an attended lobby, and on-site management. Ground floor amenities include restaurants, retailers, and service companies. Freight entrances are located on West 30th and West 31st Streets. The building provides city views, natural light, and modernized central air conditioning systems. Currently, the building's tenants include financial and computer industry companies. Situated near the sports arena, railroad station, and 34th Street retailers, Seven Penn Plaza is positioned in a busy transportation, business, and retailing neighborhood.

Key Highlights

  • Coveted Midtown Manhattan location at Seven Penn Plaza, adjacent to Madison Square Garden and The Paramount Theatre.
  • Unparalleled access to transportation via Pennsylvania Station (LIRR, NJ Transit, Amtrak, MTA Subway).
  • Benefit from 24/7 access and attended lobby.

Property Analytics

Current Use

Lazarus Karp, LLP Law Firm Herman Wolfson & Co Accounting Firm Open Text Inc. Corporate Office Dominican Lawyering Services ... Law Firm

Suggested Use

Top Pick Law Firm Accounting Firm Nursing Home Barber Shop Hair Salon Catering 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

7,259
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

$65.36 /SF/Yr
Avg Asking Price
$37–$165 /SF/Yr
Price Range
40,991 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 - Coveted business address near transportation, retail, and entertainment.
Where is this office building located?
The property is located at 370 7th Avenue New York, NY.
What are key features of this property?
This property features: Coveted Midtown Manhattan location at Seven Penn Plaza, adjacent to Madison Square Garden and The Paramount Theatre.; Unparalleled access to transportation via Pennsylvania Station (LIRR, NJ Transit, Amtrak, MTA Subway).; Benefit from 24/7 access and attended lobby.
More about this property
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