| Bulding Address: | 132 W 31st St, New York NY 10001 |
| Building Name: | 31 Penn Plaza |
| Building Alternate address: | 132 W 31st St |
| Zip Code: | 10001 |
| Neighborhood: | Penn Plaza/Garment |
| Borough: | Manhattan |
| Stories: | 18 |
| Year Built: | 1925 |
| Building Class: | B |
| Block & lot: | 00806-0058 |
132 West 31st Street, known as the Greeley Arcade, is a historic commercial office building located in the Chelsea neighborhood of Manhattan, New York City. The building was constructed in 1925 and features 17 stories.
The structure encompasses approximately 384,655 square feet of office and commercial space. Over its long history, the building has played an important role in Manhattan's commercial real estate market. Its current tax assessor’s market value is estimated at over $122 million, reflecting both its size and prime Midtown South location.
In 1989, the building underwent significant alterations, updating and modernizing its facilities. More recently, it has been known as 31 Penn Plaza, after a $40 million capital improvement program that enhanced the building's amenities and infrastructure. These renovations included a modernized lobby, a conference center, a tenant lounge with a café on the sixth floor, and a secure bike room with showers.
The building is ideally situated between Avenue of the Americas and Seventh Avenue, just steps from major transit hubs like Penn Station and notable landmarks such as Madison Square Garden. Its location and recent upgrades have attracted a diverse range of tenants including architecture firms, media agencies, technology companies, and professional services firms.
Notable tenants have included TPG Architecture, which has maintained its headquarters in the building since 2013, occupying over 40,000 square feet. The building's central location and upgraded facilities support modern office demands, contributing to its ongoing appeal in Manhattan's competitive office market.
132 W 31st St, Manhattan, NYC
Known As:
Greeley Arcade
Location:
Situated in the Chelsea neighborhood of Manhattan, New York City, the building
lies between 6th Avenue (Avenue of the Americas) and 7th Avenue, near major landmarks including
Madison Square Garden and Penn Station.
Building Details:
- Constructed in 1925
- 17 stories tall
- Total area: 384,655 square feet
- Building Class: Office with Commercial 7-19 Stories (O6/B class)
Accessibility:
The location offers excellent public transportation access with nearby subway stations:
- 33rd Street
- 28th Street
- 34th Street - Penn Station
Subway lines include 1, 2, F, Q, N, R, W, B, D, M trains.
Bus lines nearby include M5, M7, M55, Q32.
Neighborhood:
The area is a vibrant hub for tech, financial, and creative companies, and is close to cultural institutions like the Museum at FIT.
Property Value and Size:
- Estimated market value: $122,350,000
- Lot size: approximately 23,050 sq ft
Amenities at 132 W 31st St, Manhattan, NYC
- 24 Hour Access
- Controlled Access
- Security System
- Air Conditioning
- Food Service
- Restaurant
- Metro/Subway Access
- Bus Line Access
- 24/7 Security
- Bike Storage
- Communal Lobby Space
- Lobby Attendant
- Accessibility Features
- Catering Services
- Coffee/Tea Facilities
- Door with Lock
- Entry System
- Filtered Water
- Furnished Spaces
- Hosted Reception
- Kitchen Facilities
- Mailbox Services
- Meeting Rooms with Audiovisual Equipment and Wi-Fi
- Window Views
Office Tenants at 132 W 31st St, Manhattan, NYC
132 W 31st St, also known as the Greeley Arcade, is a 17-story commercial building in Chelsea, Manhattan, featuring approximately 384,655 square feet of office space. The building hosts a diverse range of notable office tenants across various industries, including architecture, media, and professional services.
Selected Office Tenants
- GroupM
- Dewberry
- The NPD Group Inc.
- Embrace Home Loans
- Coloredge NYC
- Chegg, Inc. (12th Floor)
- H2M Architects & Engineers (6th Floor)
- Master & Dynamic (7th Floor)
Building Highlights
- Class B office building built in 1925, with recent renovations
- Located in the Penn Plaza/Garment district, close to Madison Square Garden and Penn Station
- Features modernized elevators with destination guidance system
- 24-hour access and controlled security systems
- Nearby amenities including restaurants, retail stores, and fitness centers
At 132 W 31st St, Manhattan, NYC, several internet providers are available to serve the building. The area is covered by prominent internet service providers such as:
- Verizon: Known for its high-speed fiber-optic services.
- Spectrum: Offers cable and some fiber services with speeds up to 1 Gbps.
132 W 31st St in Manhattan, NYC, is strategically located with excellent transportation options.
Public Transit: This location is a Rider’s Paradise with world-class public transportation.
- Subway: Close to lines 1, 2, F, Q, N, R, W, B, D, and M.
- Bus: Served by buses M5, M7, M55, and others.
- Train: Nearby access to PATH trains and major rail lines.
Cross Streets: The address intersects with 6th Avenue and 7th Avenue.
Neighborhood: Located in the Chelsea neighborhood, offering a walker-friendly environment with a Walk Score of 100.
