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    370 7Th Ave New York, NY 10001

    For Lease
    Contact for pricing

    Midtown Manhattan Executive Offices, 10 Spaces Available

    Lot size:
    368,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    Seven Penn Plaza, a prestigious 17-story building at 370 7th Avenue in New York City (zip code 10001), offers exceptional executive office space. This landmark property, built in 1921 and renovated in 2023, boasts a total of 368,000 square feet, with 164,362 square feet currently vacant. Units range from a minimum of 1,822 square feet to a maximum contiguous space of 73,439 square feet, accommodating various business needs. The building features 17 suites in total, providing multiple tenancy options. Conveniently located adjacent to Madison Square Garden and Penn Station, it offers unparalleled access to major transportation hubs, including the Long Island Railroad, New Jersey Transit, Amtrak, and the MTA Subway lines. The property benefits from a prime location within the Penn Plaza commercial district, surrounded by renowned department stores and thriving retail. Amenities include 24/7 access, an attended lobby, on-site management, ground floor restaurants and retailers, freight entrances on West 30th and West 31st Streets, and modern central air conditioning. The building provides excellent city views and abundant natural light. Power is supplied by a 120/208 three-phase system, and elevators are available. This is an unparalleled opportunity to secure office space in one of Manhattan's most dynamic and convenient locations.

    Property Features for 370 7Th Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    368,000 SF

    Building Details

    Year Built/Renovated
    1921/2023
    Stories
    17

    Unit(s) available at that property

    Space
    Available 17
    Size
    24,812 SF
    Space
    Available 16
    Size
    24,812 SF
    Space
    Available 15
    Size
    24,812 SF
    Space
    Available 07
    Size
    24,812 SF
    Space
    Available 05
    Size
    5,013 SF
    Space
    Contiguous Space 15,16,17
    Size
    73,439 SF
    Space
    Floor 17
    Size
    8,653 SF
    Space
    GROUND FLOOR
    Size
    1,822 SF
    Space
    Floor 15
    Size
    24,813 SF
    Space
    Floor 16
    Size
    24,813 SF

    HighLights

    • Stunning city views and abundant natural light, complemented by a modern HVAC system.
    • Prime corner location directly adjacent to Penn Station.
    • Oversized windows offer Madison Square Garden Plaza views and excellent natural light.
    • 357,000 square foot office building with 24/7 access, attended lobby, on‑site management, and ground floor retail.
    • Convenient freight access on West 30th and West 31st Streets.
    • Strong tenant roster including financial and technology firms.
    Property Profile Location Intelligence

    Current Use by Public Records

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

    Suggested Use

    Restaurant Realty agency Spa & Massage Law Firm Hair Salon Dental Office Nail Salon Food Market Grocery Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9925047
    Latitude
    40.7489154

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    FAQs

    What type of property is this?
    Office Property / Space - Midtown Manhattan Executive Offices, 10 Spaces Available
    Where is this office property / space located?
    The property is located at 370 7Th Ave New York, NY.
    What are key features of this property?
    This property features: Stunning city views and abundant natural light, complemented by a modern HVAC system.; Prime corner location directly adjacent to Penn Station.; Oversized windows offer Madison Square Garden Plaza views and excellent natural light.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    370 7Th Ave New York, NY 10001
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