1 Penn Plaza | One Penn Plaza

242 West 34th Street better known as One Penn Plaza is a 57- story commercial office tower that contains over 2.7 million square feet of space. The property exact location pits it between 7th and 8th Avenues to the east and west, otherwise the building occupies all of the space between 33rd and 34th Street. A globally recognized address and location the building serviced by numerious entrances, a multitde of elevators, and parking - all of which are accessible from any side of the building alike though park itself is only available via the vechile entrances on the north or south sides of the property. In addition the building enjoys a direct connection to the Long Island Rail Road via the Pennsylvania Station being situated one block southward.

The building has been constructed using mainly concrete and structural steel which is coupled with gray solar glass trimed by aluminum with corrosion-resistant anodix oxide finishes on the exterior walls. One Penn Plaza features two lobbies each of which are manned by uniformed staff security 24/7 while seven banks of elevators whisk staff and visitors alike via 44 passenger cabs.

Leasing Commercial Space
• Office Space Leasing Available
You can count on a wide inventory of available spaces from traditional office layouts with perimeter offices to chic open collaborative work environments. In comparison with other Class A Offices in Manhattan One Penn Plaza offers an outstanding value in contrast to the rental rates of other modern properties making this the intelligent choice for any businesses seeking the best in today's commercial real estate!


Pre-Existing Layout; Landlord/Seller delivering a space to a tenant with top high-end finishes; all brand new and designed for today’s moderns company’s layout...

Raw Space; space offered by a Landlord/Seller that is completely unfinished (bare stud walls, unfinished floors, and no plumbing or electrical. The space will more than likely include a HVAC unit but no duct work or controls, a sprinkler system may be installed but not dropped to finish ceiling height)

A - space that the Landlord constructs to your specifications. Included are the services of an architect to assist with space planning

B - space that a Tenant constructs on its own utilizing money (the “cash contribution”) and time (the “rent abatement”) provided by the Landlord.

Office Sublet; portion of Primary Lessor space (may come equipped with furntiure and phones)

OPTION Demised - own entrance + access to building services (elevator, restrooms, frieght, common areas) private individual space not connected to any other tenant

For information on available office space inside of 1 Penn Plaza or nearby in the area, contact us and one of our brokers can provide you with all the intel needed including price, floor plans, photos, and insight into the area and the comparable options.

What this Building Can Offers Its Tenants:

  • On Site Security / Concierge + Key Card Access
  • Headquarter Opportunity
  • Accessible location at Penn Station
  • Central HVAC provided Monday to Friday, 8:00 am- 6:00 pm. Overtime & supplemental AC available
  • 695 car underground garage

SEE A SAMPLE FLOOR PLAN - Sample Floor Plate


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Floors: 57 Stories / 750 Feet
Property Type: Skyscraper
Location: Chelsea - Midtown South / Zip Code 10119
Total Building Size: 2,585,00 SF.
Lot Size: 2.95 AC
Year Built: 1972 / Renovated 1995
Architect: Kahn & Jacobs
Building Class: A
Price: Buildings in this range and location today are averaging rents bewteen $65 to $80 PSF.
Additional office overhead costs include electricity which is fixed at $3.50 PSF and annual rent and real estate tax increases.
Building Features:
• Management On-Site
• LEED-EB & Energy Star Certified
• $85 million in recent capital improvements

Property Details
This property enjoys excellent light and views from windows at all four sides all of which help to create the best in open office layouts while those seeking private perimeter offices also find benefit herein. The building isn't a sheer vertical tower but rather it features three setbacks which can be found ar the 7th, 12th, and

From the upper floors tenants enjoy sweeping unencumbered views of the entire city, while westward facing windows boast views of the Hudson River and the harbor to the south. Otherwise this office tower has been constructed with a center core design with all building systems being situated in the center of the structure (elevators, stairs and mechanical systems).

Today the ground retail level is leased to anchor tenant K-Mart who occupies 142,000 SF. at ground and two more susequent floor plates below that. The remaining space at ground level has been rented out to other commercial retailers and a restaurant which helps round out that portion of the property. The remaining ground level has been purposed as a fountain and public plaza which are located at the western side of the property; the total area of the building encompassing an entire city block.

Tenants who have called or now call this Building home include:
There are about numerious tenants who occupy 1 Penn today and who have called this building home...
Abraham, Fruchter, Twersky
Adelhardt Construction Corporation
ADM Investors
Aeroterm U.S.
Baker Tilly (formerly Holtz Rubenstein Reminick)
BMG Music
Broadpoint Securities Group
Brocade Communications Systems
Buchbinder Tunick & Co.
CBRE (Asset & Valuation)
Cedarview Capital Management
Cerner Health Services
China Telecom
Cisco Systems
CS Technology
Dell Marketing
Derek T Smith
DLB Associates
Donald C. Savoy
Dormitory Authority of the State of New York
Dun & Bradstreet
Energy Investors Fund
Esquire Deposition Solutions
Euler American Credit
Expeditors International of Washington
External Networks
Fruchter Tworsky (AFT)
Fuse Media
Garrett Popcorn
Goetz Fitzpatrick
Grossman Agency
GTT Communications
HeBS Digital
Hill International
Holtz Rubenstein Reminick
Juniper Systems
Lexington Realty Trust
Mark Logic
MassMutual Life Insurance
Milberg Weiss
MIT National Land Services
Mitel Communications
Mitel Networks
Molton Brown
Navigators Insurance
North Highland
NTT Data
Otis Elevator
Parsons Brinckerhoff
PB Americas
Pitney Bowes
Pret A Manger
Prisma Capital Partners
Prudential Insurance Company of America
Publicis Groupe
Pure Storage
R.V. Kuhns
Raymond James
Real Term Global
Reid & Wise
Reliable Group Ventures
Rockwell Securities
Secor Asset Management
SFN Group
Trading Screen
URS Corporation
Valley National Bank
VHB Engineering
Vining Sparks
Wasabi Sushi Bento
Wells Fargo
White & Williams
Who Trades
World Wide Technology
WSP Global
WWT ( World Wide Technology)

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Office Space Search
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Space Location (Downtown Manhattan)

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Near By Transportation
1, 2, 3, A, C and E subway lines
crosstown #34 bus
Long Island Railroad, New Jersey Transit and Amtrak

Noteable Buildings in the Area
1411 Broadway

1250 Broadway

Alternate Addresses:
242 West 34th Street

Zip Code:


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