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PENN 1 1,989 - 31,905 SF of Retail Space Available in New York, NY 10119
HIGHLIGHTS
- Restaurant space available
- Convenient to public transit
- Wraparound frontage
SPACE AVAILABILITY (6)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| Lower Level | 1,989 SF | - | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | |
| Lower Level, Ste A-East | 7,186 SF | 14’3” | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | |
| Lower Level, Ste West | 7,400 SF | 14’3” | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | |
| Ground | 3,725 SF | - | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | |
| Ground, Ste A-East | 5,405 SF | 20’ | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | |
| Ground, Ste West | 6,200 SF | 20’ | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable |
Lower Level
Ground: 3,725 SF Lower level: 1,989 SF
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 5,714 SF of adjacent space
- Central Air Conditioning
- Basement
Lower Level, Ste A-East
Situated on one of the busiest corners in Manhattan, at the intersection of 34th Street and Seventh Avenue, and sitting atop Penn Station, the transformation of PENN 1 has redefined THE PENN DISTRICT. Vornado has reimagined 150,000 SF of retail including the Long Island Railroad concourse and a curated retail and dining experience along PLAZA 33. PENN 1 now features two options for grab and go food, Office Hours and Blue Bottle, as well as Blue Ribbon Sushi & Steak - an exciting dining experience combining traditional Japanese cuisine with a modern-day steakhouse, and The Landing - a full-service restaurant on the second floor with private dining rooms and multiple tenant lounges for socializing and working, all enhancing the robust WorkLife amenity program.
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 12,591 SF of adjacent space
- Central Air Conditioning
- Finished Ceilings: 14’3”
Lower Level, Ste West
Situated on one of the busiest corners in Manhattan, at the intersection of 34th Street and Seventh Avenue, and sitting atop Penn Station, the transformation of PENN 1 has redefined THE PENN DISTRICT. Vornado has reimagined 150,000 SF of retail including the Long Island Railroad concourse and a curated retail and dining experience along PLAZA 33. PENN 1 now features two options for grab and go food, Office Hours and Blue Bottle, as well as Blue Ribbon Sushi & Steak - an exciting dining experience combining traditional Japanese cuisine with a modern-day steakhouse, and The Landing - a full-service restaurant on the second floor with private dining rooms and multiple tenant lounges for socializing and working, all enhancing the robust WorkLife amenity program.
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 13,600 SF of adjacent space
- Central Air Conditioning
- Finished Ceilings: 14’3”
- Over 130 feet of frontage on 8th Avenue
- Located across from Moynihan Train Hall
- Neighbors: MSG, MTH, Penn Station
Ground
Ground: 3,725 SF Lower level: 1,989 SF 74’-7” on 33rd St., 55’-9” of Outdoor Plaza, Restaurant space
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 5,714 SF of adjacent space
- Central Air Conditioning
- Basement
Ground, Ste A-East
6,185 SF available
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 12,591 SF of adjacent space
- Central Air Conditioning
- High Ceilings
- Finished Ceilings: 20’
Ground, Ste West
Situated on one of the busiest corners in Manhattan, at the intersection of 34th Street and Seventh Avenue, and sitting atop Penn Station, the transformation of PENN 1 has redefined THE PENN DISTRICT. Vornado has reimagined 150,000 SF of retail including the Long Island Railroad concourse and a curated retail and dining experience along PLAZA 33. PENN 1 now features two options for grab and go food, Office Hours and Blue Bottle, as well as Blue Ribbon Sushi & Steak - an exciting dining experience combining traditional Japanese cuisine with a modern-day steakhouse, and The Landing - a full-service restaurant on the second floor with private dining rooms and multiple tenant lounges for socializing and working, all enhancing the robust WorkLife amenity program.
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 13,600 SF of adjacent space
- Central Air Conditioning
- Finished Ceilings: 20’
- Over 130 feet of frontage on 8th Avenue
- Located across from Moynihan Train Hall
- Neighbors: MSG, MTH, Penn Station
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 31,905 SF | Property Subtype | Storefront |
| Max. Contiguous | 13,600 SF | Gross Leasable Area | 237,354 SF |
| Property Type | Retail | Year Built/Renovated | 1972/1995 |
| Total Space Available | 31,905 SF |
| Max. Contiguous | 13,600 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 237,354 SF |
| Year Built/Renovated | 1972/1995 |
ABOUT THE PROPERTY
Situated on one of the busiest corners in Manhattan, at the intersection of 34th Street and Seventh Avenue, and sitting atop Penn Station, the transformation of PENN 1 has redefined THE PENN DISTRICT. Vornado has reimagined 150,000 SF of retail including the Long Island Railroad concourse and a curated retail and dining experience along PLAZA 33. PENN 1 now features two options for grab and go food, Office Hours and Blue Bottle, as well as Blue Ribbon Sushi & Steak - an exciting dining experience combining traditional Japanese cuisine with a modern-day steakhouse, and The Landing - a full-service restaurant on the second floor with private dining rooms and multiple tenant lounges for socializing and working, all enhancing the robust WorkLife amenity program.
- Metro/Subway
- LEED Certified
- LEED Certified - Gold
- LEED Registered
- Air Conditioning
NEARBY MAJOR RETAILERS
CONTACTS
-
Jason Morrison -
Edward Hogan -
Jenniel Davis -
Nathan Jaime Marcus -
Vornado Realty Trust
Presented by
PENN 1
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