Office building · Garment District, Manhattan

11 Penn Plaza

393 Seventh Avenue, New York, NY 10001

11 Penn Plaza (393 Seventh Avenue) is a 26-floor office building in the Garment District, Manhattan, built in 1926, with about 1.1 million square feet of office space according to city records.

Also at 11 Penn Plaza, 383-399 Seventh Avenue, 145-167 West 31st Street and 148-166 West 32nd Street.

Office space
1.1M SF
Floors
26
Year built
1926
Zoning
C6-6

Office space next to its nearest neighbors

  1. 11 Penn PlazaThis building1.1M SF
  2. 363 Seventh Avenue1 min walk81K SF
  3. 151 West 30th Street1 min walk81K SF
  4. 145 West 30th Street1 min walk58K SF

The 2nd largest of the 155 office buildings we track in the Garment District. Compare it with 6 neighbors

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Compared with its neighbors

How 11 Penn Plaza compares

Next to the 6 nearest large office buildings, all within a 2 minute walk, 11 Penn Plaza is the largest by office floor area. It went up in 1926; the median neighbor dates from 1917. Its estimated property tax, about $15.88 a square foot of floor area before abatements, is above the neighbors' median of $11.65.

11 Penn Plaza and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot
BuildingOffice spaceFloorsBuiltTax / SF
11 Penn Plaza, 393 Seventh AvenueThis building1.1M SF261926$15.88
151 West 30th Street1 min walk81K SF121912$12.64
145 West 30th Street1 min walk58K SF121913$8.22
363 Seventh Avenue1 min walk81K SF221930$10.35
128 West 31st Street1 min walk358K SF171925$16.14
370 Seventh Avenue1 min walk317K SF171921$12.60
119 West 31st Street2 min walk208K SF161912$10.70
The 2nd largest of the 155 office buildings we track in the Garment District: see the full list

Sources: NYC Department of City Planning, PLUTO 26v2 for size, floors and year built; NYC Department of Finance 2026/27 roll for tax (taxable value times the class rate, before abatements, over the whole floor area). Large means at least 35,000 SF of the building's main use. Walking times are straight-line estimates.

NYC tax lot records

Building facts

Building name
11 Penn Plaza
Other addresses
11 Penn Plaza; 383-399 Seventh Avenue; 145-167 West 31st Street; 148-166 West 32nd Street
ZIP code
10001
Building type
Office building (city class O4)
Total floor area
1,103,075 SF
Commercial floor area
1,103,075 SF
Office
1,067,075 SF
Retail
36,000 SF
Height
26 floors
Average floor
About 42,400 SF (floor area divided by floors)
Year built
1926
Lot area
57,675 SF
Zoning district
C6-6
Built FAR
19.13
Max commercial FAR
15
Tax lot (BBL)
1008070001

Nearest subway

  • 34 St-Penn Station2 min walk · Accessible station
  • 34 St-Herald Sq3 min walk · Accessible station
  • 28 St4 min walk · Not accessible

Nearby large buildings

All 50 large office buildings on Seventh Avenue

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; building name checked against NYC Property Address Directory (11 Penn Plaza is an address of this lot); subway stations from the MTA Subway Stations dataset, pulled 2026-10-16. Floor areas are the city's estimates for the whole building, not available space. Walking times are straight-line estimates. How we build these pages. Something wrong on this page? Tell us.

NYC storefront registry (Local Law 157)

Storefronts and vacancy

Owners registered 10 storefronts at 11 Penn Plaza for December 31, 2025, the newest annual filing the city has published, and 4 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2019.

Storefronts registered for December 31, 2025
10
Vacant that day
4
Share vacant here
40.0%
Share vacant across the Garment District
13.7%
Share vacant along Seventh Avenue
13.8%
Share vacant citywide
9.2%

Vacant on December 31, by year

  • 20193 of 10
  • 20204 of 10
  • 20214 of 10
  • 20225 of 10
  • 20235 of 10
  • 20243 of 10
  • 20254 of 10

Bars show the share of the lot's registered storefronts that stood vacant.

Own or lease out a storefront at 393 Seventh Avenue? Listing it is free, and it is matched against every active requirement for retail space in the Garment District the day it goes up.

Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2025, pulled 2026-10-16. Owners of buildings with ground- or second-floor storefronts register each one every year with its status on December 31; counts are by tax lot, as the owners filed them. The 2025 filing was due June 1, 2026, so a storefront vacant then may have been leased since. A vacant storefront is not always on the market, and none here is listed on Leasemark unless it shows above.

NYC Department of Finance records

Owner, property tax and assessed value

The Department of Finance lists VORNADO ELEVEN PENN PLAZA OWNER LLC as the owner of record. For tax year 2026/27 the city values 11 Penn Plaza at $379.8 million and assesses it at $170.9 million. After phase-ins and exemptions its taxable value is $161.5 million; at the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists) that comes to about $17.5 million a year before abatements, roughly $15.88 per square foot of floor area. Commercial leases here often pass a tenant's share of tax increases over a base year through as additional rent.

Owner of record
VORNADO ELEVEN PENN PLAZA OWNER LLC
Tax class
Class 4 (commercial and industrial)
City market value
$379,821,000
Land market value
$68,410,000
Assessed value
$170,919,450
Taxable value (phased in)
$161,452,620
Estimated yearly tax
About $17.5 million
Tax per SF of floor area
About $15.88

City market value by tax year

  • 2022/23$331.6 million
  • 2023/24$341.5 million
  • 2024/25$367.9 million
  • 2025/26$373.1 million
  • 2026/27$379.8 million

Market value rose 15% from 2022/23 ($331.6 million) to 2026/27.

How the Garment District compares: property tax per SF across NYC neighborhoodsEstimate this tax bill, or a tenant's share of itHow NYC commercial property tax works

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How to find who owns any NYC building

Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll; owner names as the roll records them, which cuts some long names short), pulled 2026-10-16; tax rate from the Department of Finance tax rates page, checked 2026-09-28. The estimate is the taxable value times the class rate. It leaves out abatements, payment-in-lieu-of-taxes agreements and charges, so the actual bill can differ.

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SEC filings (EDGAR)

Companies with offices here

One public company gives 393 Seventh Avenue as its office address in SEC filings.

Public company

Principal executive office on their latest 10-K or 10-Q

  • AMC GLOBAL MEDIA INC. (AMCX)10-Q, Jul 2026

Source: U.S. Securities and Exchange Commission, EDGAR, Financial Statement Data Sets (2025 Q4 to 2026 Q3) and Form 13F Data Sets (through August 2026), pulled 2026-10-24; names as filed. The address is the one each company reports to the SEC. This is not a tenant roster: private companies and most smaller firms do not file with the SEC, a company can report a building it owns, and an address can trail a move by a quarter. Care-of addresses, blank check companies and asset-backed issuers are left out.

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NYC energy benchmarking (Local Law 84)

Energy score, grade and emissions

11 Penn Plaza reported an ENERGY STAR score of 78 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a B (70 to 84). Its site energy use came to 52.7 kBtu per square foot, 34% below the national median of 79.7 for a similar property. Its greenhouse gas emissions were about 6,355 metric tons of CO2e (5.52 kg per square foot).

ENERGY STAR score (2024)
78 of 100
Grade this score earns (Local Law 33)
B (70 to 84)
Property type (Portfolio Manager)
Office
Site energy use intensity
52.7 kBtu/SF
National median for the type
79.7 kBtu/SF
Greenhouse gas emissions
6,355 t CO2e
Emissions per SF
5.52 kg CO2e
Floor area in the filing
1,151,102 SF
ENERGY STAR certified
2008, 2011, 2015, 2016, 2017, 2018, 2024

ENERGY STAR score by year

  • 202256 (C)
  • 202375 (B)
  • 202478 (B)

Energy sources in 2024

  • Electricity79%
  • District steam21%

Share of the energy used on site, as filed.

Source: NYC Department of Buildings and Mayor's Office of Climate and Environmental Justice, NYC Building Energy and Water Data Disclosure for Local Law 84 (2024 filing), pulled 2026-10-16; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager. The grade is the one the filed score earns under the law's cutoffs; the Department of Buildings assigns the grade a building posts, which can differ.

Local Law 97 of 2019, estimated

Local Law 97 emissions limit

At its 2024 energy use, 11 Penn Plaza comes to about 4,626 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 10,441 tons for 2024 to 2029 (44% of the limit), so it would owe no penalty. From 2030 the limit drops to 3,928 tons and the same energy use counts as about 2,585 tons, still under the limit.

Period
2024 to 2029
Emissions limit
10,441 t CO2e
Estimated emissions
4,626 t CO2e
Under the limit by
5,815 t CO2e
Estimated penalty a year
None
Period
2030 to 2034
Emissions limit
3,928 t CO2e
Estimated emissions
2,585 t CO2e
Under the limit by
1,343 t CO2e
Estimated penalty a year
None

Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Food Sales 2,622 SF; Other - Technology/Science 98,521 SF; Office 1,025,432 SF; Data Center 1,800 SF; Other - Restaurant/Bar 2,855 SF; Food Service 3,692 SF; Bank Branch 6,326 SF; Retail Store 9,854 SF. It applies the coefficients and per-use limits in Department of Buildings rule 1 RCNY 103-14 and Administrative Code 28-320.3.1.1 (as the Department lists them) and the $268 per ton penalty, checked 2026-10-04. It is not the building's Local Law 97 report: that report can count renewable energy credits, solar and storage deductions and, for 2024 and 2025, the law's occupancy group limits where higher, and penalties can be reduced for good faith efforts.

Change these numbers in the Local Law 97 calculator to see what a cut in energy use would do to the penalty.

How Local Law 97 works: who is covered, the 2030 limits and what owners, tenants and buyers should check.

Own or manage 393 Seventh Avenue? List a space here free and we match it against every active requirement.

NYC Department of Buildings permits

Work permits and build-outs

In the 12 months to October 2026, the Department of Buildings issued first permits for 23 jobs at 11 Penn Plaza. In the last two years, interior work was permitted on 12 floors (floors 1, 2, 4, 13 and 15 to 22, the basement and the mezzanine). The newest build-out, on floors 15 and 16, was first permitted in September 2026 (construction, mechanical, structural; filed cost estimate $19 million). A sidewalk shed permit here is active until December 20, 2026.

New jobs, last 12 months
23
Initial permits, last 12 months
25
Newest job first permitted
October 2026
Interior build-outs, last 24 months
14
Floors with interior work, last 24 months
1, 2, 4, 13 and 15 to 22, basement, mezzanine
Facade and sidewalk jobs, last 24 months
4
Sidewalk shed permit
Active until Dec 20, 2026

Recent build-outs

  • Floors 15 and 16September 2026Construction, Mechanical, Structural; 2 jobs; est. $19 million
  • Floor 1, basementSeptember 2026Construction; est. $35,000
  • Floor 2August 2026Structural; est. $30,000
  • Floor 1July 2026Construction, Mechanical, Plumbing; 4 jobs; est. $768,000
  • Floors 17 to 22May 2026Construction, Mechanical, Sprinklers; 3 jobs; est. $861,000
  • MezzanineApril 2026Structural; est. $28,000

The newest 6 of 14 in the last 24 months.

New jobs by year

  • 202122
  • 202224
  • 20238
  • 202415
  • 202514
  • 2026 to date17

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-24 (permits issued through 2026-10-22). A job counts once, when its first permit is issued; renewals are not new work. A build-out groups jobs on the same floors first permitted within 120 days of each other. Costs are the estimates filed with the jobs. Jobs filed before DOB NOW (in the older BIS system) are not counted. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

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Questions about 11 Penn Plaza

How big is 11 Penn Plaza?

11 Penn Plaza has about 1.1 million square feet of floor area in total, including 1.1 million square feet of office and 36,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

When was 11 Penn Plaza built?

City records list 1926 as the year built. The building is 26 floors tall.

What is the address of 11 Penn Plaza?

11 Penn Plaza is at 393 Seventh Avenue in the Garment District, Manhattan. City records list 11 Penn Plaza, 383-399 Seventh Avenue, 145-167 West 31st Street and 148-166 West 32nd Street on the same tax lot (BBL 1008070001). A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 393 Seventh Avenue?

393 Seventh Avenue is in ZIP code 10001, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. 11 Penn Plaza is at 393 Seventh Avenue, New York, NY 10001, in the Garment District.

What is the zoning at 11 Penn Plaza?

The lot is in the C6-6 zoning district. PLUTO lists a built floor area ratio (FAR) of 19.13 and a maximum commercial FAR of 15 for this lot.

What subway station is closest to 11 Penn Plaza?

The closest subway station to 11 Penn Plaza is 34 St-Penn Station (the 1, 2 and 3 trains), about 450 feet away in a straight line, roughly 2 minutes on foot. The MTA lists it as an accessible station. Also nearby: 34 St-Herald Sq (the B, D, F, M, N, Q, R and W trains), 3 min walk; 28 St (the 1 train), 4 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 11 Penn Plaza?

The NYC Department of Finance's 2026/27 assessment roll lists VORNADO ELEVEN PENN PLAZA OWNER LLC as the owner of record of 11 Penn Plaza (BBL 1008070001). Big buildings are usually held through a company set up for that one property, so the name on the roll can differ from the landlord's brand or the managing agent. Deeds and mortgages for the lot are public in ACRIS, the city's property records system.

Who are the tenants at 11 Penn Plaza?

Leasemark does not have the building's tenant roster, but SEC filings name companies with offices at 11 Penn Plaza. One public company reports the address as its principal executive office: AMC GLOBAL MEDIA INC. (AMCX). Private companies do not file with the SEC, so the full list of tenants is longer, and a company can also report a building it owns.

What is the energy grade of 11 Penn Plaza?

11 Penn Plaza reported an ENERGY STAR score of 78 for calendar year 2024 in its Local Law 84 benchmarking filing. Under Local Law 33, as amended by Local Law 95 of 2019, a score of 85 or higher earns an A, 70 to 84 a B, 55 to 69 a C and under 55 a D, so 78 earns a B. The Department of Buildings assigns the grade a building posts, so the posted label can differ if a filing was corrected. Its site energy use came to 52.7 kBtu per square foot, 34% below the national median of 79.7 for a similar property. Its greenhouse gas emissions were about 6,355 metric tons of CO2e (5.52 kg per square foot).

Does 11 Penn Plaza meet Local Law 97?

At its 2024 energy use, 11 Penn Plaza comes to about 4,626 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 10,441 tons for 2024 to 2029 (44% of the limit), so it would owe no penalty. From 2030 the limit drops to 3,928 tons and the same energy use counts as about 2,585 tons, still under the limit. This is an estimate from the owner's 2024 benchmarking filing using the coefficients and per-use limits in the law and the Department of Buildings rule, at $268 per ton over. It is not the building's Local Law 97 report, which can count credits and deductions this estimate cannot.

Is there construction at 11 Penn Plaza?

In the 12 months to October 2026, the Department of Buildings issued first permits for 23 jobs at 11 Penn Plaza. In the last two years, interior work was permitted on 12 floors (floors 1, 2, 4, 13 and 15 to 22, the basement and the mezzanine). The newest build-out, on floors 15 and 16, was first permitted in September 2026 (construction, mechanical, structural; filed cost estimate $19 million). A sidewalk shed permit here is active until December 20, 2026. These are the Department of Buildings' DOB NOW work permits for tax lot 1008070001. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

What are the property taxes at 11 Penn Plaza?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $161.5 million for 11 Penn Plaza. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $17.5 million a year, roughly $15.88 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008070001 show the actual bill.

What is the assessed value of 11 Penn Plaza?

For tax year 2026/27, the NYC Department of Finance puts the market value of 11 Penn Plaza at $379.8 million ($68.4 million of it land) and its assessed value at $170.9 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 15% from 2022/23 ($331.6 million) to 2026/27.

Are there vacant storefronts at 11 Penn Plaza?

Owners registered 10 storefronts at 11 Penn Plaza for December 31, 2025, the newest annual filing the city has published, and 4 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2019. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront vacant on December 31, 2025 may have been leased since. Owners and brokers can list a storefront on Leasemark for free.

Is there office space for lease at 11 Penn Plaza?

No space at 393 Seventh Avenue is listed on Leasemark right now. Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.

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