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Retail Portion at PENN 1 PENN 1
1,989 - 32,509 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 | 7,188 SF | 14’3” | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | |
| Lower Level, Ste West | 7,398 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 | 6,185 SF | 20’ | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | |
| Ground, Ste West | 6,024 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
Available Q4 2020
- 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 13,373 SF of adjacent space
- Central Air Conditioning
- Finished Ceilings: 14’3”
Lower Level, Ste West
Ground 6,024 Lower Level 7,398
- 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 13,422 SF of adjacent space
- Central Air Conditioning
- Finished Ceilings: 14’3”
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 13,373 SF of adjacent space
- Central Air Conditioning
- High Ceilings
- Finished Ceilings: 20’
Ground, Ste West
Ground 6,024 Lower Level 7,398 Frontage:130’-1” on 8th avenue. 46’-4” on 34th Street.
- 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 13,422 SF of adjacent space
- Central Air Conditioning
- Finished Ceilings: 20’
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 FOR PENN 1 , New York, NY 10119
| Total Space Available | 32,509 SF | Property Subtype | Storefront |
| Max. Contiguous | 13,422 SF | Gross Leasable Area | 237,354 SF |
| Property Type | Retail | Year Built/Renovated | 1972/1995 |
| Total Space Available | 32,509 SF |
| Max. Contiguous | 13,422 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 237,354 SF |
| Year Built/Renovated | 1972/1995 |
About the Property
Located on one of the busiest corners in Manhattan at the intersection of 34th Street and Seventh Avenue, the 2.7 million square foot, 57-story building offers dramatic views of the entire city, as well as direct access to Pennsylvania Station. The property is also footsteps away from Macy's and the Herald Square shopping district.
- 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
Learn More About Leasing Retail Properties
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Retail Portion at PENN 1 | PENN 1
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