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    OFF-MARKET
    Retail properties & Spaces

    370 7Th Ave, New York, NY 10001

    368,000 SF Built 1921
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Retail properties & Spaces
    Year built 1921
    Total area 368,000 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Lazarus Karp, LLP Law Firm
    • Herman Wolfson & Co Accounting Firm Tax Preparation
    • Open Text Inc. Corporate Office
    • Dominican Lawyering Services Ltd Law Firm
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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