Penn Plaza Commercial Buildings
Penn Plaza Commercial Buildings
Penn Station Waiting Room, 1910- 1963
Penn Plaza commercial buildings provide quick access to Penn Station which contains the 1, 2, 3, A, E, C subway lines, the Long Island Railroad, New Jersey Transit and Amtrak. So for most businesses, the primary rationale for locating at Penn Plaza is to provide convenient transportation connections to employees and clients. The station itself is unattractive, overcrowded, inefficient and long overdue for replacement. Historians still bemoan the demolition of the original Penn Station which operated from 1910- 1963 and was replaced by Madison Square Garden and the One and Two Penn Plaza buildings.
The focus of this blog is the buildings that contain “Penn Plaza” in their address. Some like One and Two Penn Plaza are built on top of the station itself and provide direct access to trains. Others, like 21 Penn Plaza, are more than one-half a block away.
One Penn Plaza
Photo courtesy of CoStar
ONE PENN PLAZA: aka 250 West 34th Street. Class A/5- Star modern office building constructed in 1972 and renovated in 1995. Offices from 2,804- 33,084 RSF with asking rents starting at $65.00 PSF. Existing offices and build-to-suit offices are available. Owned/managed by Vornado, a REIT.
6,069 RSF Pre-built Office
2,370 RSF Pre-built Office
TWO PENN PLAZA: aka 392 Seventh Avenue. Class A/5- Star modern office building constructed in 1968 and renovated in 1991. Very limited space. Asking rents from $62.00 PSF.
FOUR PENN PLAZA: Madison Square Garden sports and entertainment complex.
Five Penn Plaza
FIVE PENN PLAZA: aka 461 Eighth Avenue. Class A/4- Star office building constructed in 1925 and renovated in 2006. Very limited space. Asking rent $55.00 PSF.
28,641 RSF “Test Fit”
SEVEN PENN PLAZA: aka 370 Seventh Avenue. Class B/4- Star office building constructed in 1921 and renovated in 2008. Offices from 3,030- 7,747 RSF with asking rents of $50- 55.00 PSF. Newly built high-end units are available or the Landlord will build-to-suit. Owner occupied and well managed.
5,747 RSF High-quality Pre-built Office
7,937 RSF Build-to-Suit
11 PENN PLAZA: aka 150 West 32nd Street. Class A/4-Star. Constructed 1923 and renovated in 1991. Fully occupied.
14 PENN PLAZA: aka 225 West 34th Street. Constructed 1925 and renovated 2006. Good availability. Units from 896- 9,250 RSF. Asking rents from $57.00 PSF. Some pre-built offices are available or the Landlord will build to suit.
9,250 RSF Pre-built Office
15 Penn Plaza
Artist’s Rendering
15 PENN PLAZA: aka 401 Seventh Avenue. Currently the Hotel Pennsylvania. Future development site for a 2,052,667 RSF Class A/5-Star office building.
21 PENN PLAZA: aka 356 West 31st Street. Constructed in 1931 and renovated in 2005. Class B/4- Star office building. Fully occupied.
Best Strategy for Leasing an Office in a Penn Plaza Commercial Building
Cogent Realty Advisors has provided NO FEE Tenant Representation to New York businesses for over 15 years. By utilizing our extensive commercial office database and a network of contacts we will find a high quality Penn Plaza office that satisfies all of your requirements. Contact Mitchell Waldman today: (212) 509-4049.
