Penn Station

No Reviews
Favorite
  • 9 Penn Plz New York City New York 10001 United States
Write A Review
Claim Listing
1REC's Take
About
Occupancy
Rents
Know Before
Vendors
Reviews
1REC's Take
Pros

✔ High commuter traffic, excellent retail exposure ✔ Central location ✔ Major transportation hub

Cons

✘ Overcrowded and chaotic ✘ Limited aesthetic appeal ✘ Ongoing construction and renovations

Shopper Profile

✦ Commuters: Passing through the busy station ✦ Tourists: Arriving and departing the city ✦ Preferences: Fast food, convenience stores, quick services

About Location
The heartbeat of NYC’s commuter scene, Penn Station serves as a crucial transit crossroad. Amidst the rush, it offers an array of quick-service restaurants, convenience shops, and essential services. The nearby retail landscape caters to the daily commuter, with rents being competitive given the station’s importance. It’s a blend of corporate entities and some long-established local landlords in the vicinity.
Trade Area Summary

Basic Demographics

Median Household Income: $120,727
Consumer Expenditure: $28,074,019,825
Population: 644,571
Daytime Population: 1,826,555
Source Notes: Data reflects Q3 2023 (Experian)

Household Segment Breakdown

Segment #1: G – Educated Urbanites (82%)
Segment #2: J – Sunset Boomers (11%)
Segment #3: I – Young Urban Singles (3%)
All Other Segments: 4%
Source Notes: Segment data reflects 0.25mi radius and is provided by Spatial.ai, an AI-Powered segmentation platform for retail marketers.

Learn More: http://Taxonomy

Occupancy
Tenant Sales per Square Foot: $1,200
Occupancy Rate: 90%
Anchor Tenants: Moynihan Train Hall, Amtrak
Tenant Rent/Sales Ratio (%): 12.5% – 29.2%
Rent $ / Visitor: $9.5 – $22.75
Source Notes: Data sourced from public and private records.
Destination Rents
Average Rent (psf): $106
Median Rent (psf): $106
Rent Range (psf): $106-$106
Rent Variability: Low
Source Notes: Data provided by Retail by MONA, a New York based brokerage firm.
Know Before You Go
Preferred ISP(s)
Spectrum, Verizon Fios
Estimated Permit Timeline (weeks)
8-10
Landmarks Risk
High
Union Labor Disharmony Likelihood
High
Recommended Vendors' Links 🔗

Local Broker: Be Featured! Contact Us

Building Surveyor: Be Featured! Contact Us

Permit Expeditor: Rizzo-Brookbridge

Licensed Architect: Be Featured! Contact Us

Store Designer: Be Featured! Contact Us

Real Estate Attorney: Be Featured! Contact Us

General Contractor: Be Featured! Contact Us

Reviews

Leave a Review

Select a rating
Overall
Select a rating
Occupancy %
Select a rating
Parking
Select a rating
Foot Traffic
Select a rating
Cleanliness
Select a rating
Safety
Drop files here

OR

Allowed file types: .jpg, .jpe, .jpeg, .gif, .png, .bmp, .ico
(You can upload 10 files)
Please drag & drop the files to rearrange the order

Get Directions

Look for something else…

{"hide_search_input":"0","hide_near_input":"0","show":"","filters_pos":"","input_size":"","bar_flex_wrap":"","bar_flex_wrap_md":"","bar_flex_wrap_lg":"","input_border":"","input_border_opacity":"","input_rounded_size":"","btn_bg":"","btn_rounded_size":"","btn_rounded_size_md":"","btn_rounded_size_lg":"","bg":"","mt":"","mr":"","mb":"3","ml":"","pt":"","pr":"","pb":"","pl":"","border":"","rounded":"","rounded_size":"","rounded_size_md":"","rounded_size_lg":"","shadow":"","css_class":""}
MSA: New York-Newark-Jersey City NY-NJ-PA
Address: 9 Penn Plz
New York City
New York
10001
United States
Place Tags: NYC
Website
Retail Type: Transportation Hubs

The 1REC Directory helps brands, brokers, and others by providing location intelligence and transparency

Get in touch
About

© Copyright 1REC 2024. All Rights Reserved.