House Prices

Penn Plaza New York, NY House Prices & Home Values 2026


Average Data

average house price$3,280,480
average size per house2130 ft²
average price per ft²1564 $ / ft²

04/04/2026 - The value range (VR) for house prices in Penn Plaza New York, NY is $240/ sqft to $7096/ sqft. An average home with 2130 sqft costs approximately $518,868 to $15,341,198. New York, NY includes 2 ZIP codes and it is located in New York county. The lowest prices are found in ZIP 10001, while the highest are in ZIP 10119. The average price per sqare feet is $1564. Our analysis is based on 10 property listings.

Avergage prices by ZIP codes Penn Plaza New York

10001240 $ / ft²
101197096 $ / ft²




Historical development of home values in Penn Plaza New York

Year Estimated value (USD) Change vs. 2025
2010 $1,523,514 -53.6%
2011 $1,464,600 -55.4%
2012 $1,460,656 -55.5%
2013 $1,515,252 -53.8%
2014 $1,590,597 -51.5%
2015 $1,672,232 -49.0%
2016 $1,759,501 -46.4%
2017 $1,854,468 -43.5%
2018 $1,956,993 -40.3%
2019 $2,047,736 -37.6%
2020 $2,153,594 -34.4%
2021 $2,449,481 -25.3%
2022 $2,855,545 -13.0%
2023 $3,011,304 -8.2%
2024 $3,185,513 -2.9%
2025 $3,280,480 0.0%

Graph: estimated home values in Penn Plaza New York over time (USD)



Example: 100% financing house in Penn Plaza New York

Loan amount: $3,280,480

Interest rate: 6.09%

Fixed monthly payment: $19,858.35

Breakdown in the 1st month:
Interest portion: $16,648.44  –  Principal portion: $3,209.92

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $198,687.67 $39,612.56 $3,240,867.44
2 $196,206.78 $42,093.46 $3,198,773.98
3 $193,570.51 $44,729.73 $3,154,044.25
4 $190,769.13 $47,531.10 $3,106,513.14
5 $187,792.31 $50,507.93 $3,056,005.22
6 $184,629.05 $53,671.19 $3,002,334.03
7 $181,267.68 $57,032.56 $2,945,301.47
8 $177,695.79 $60,604.45 $2,884,697.03
9 $173,900.20 $64,400.04 $2,820,296.99
10 $169,866.89 $68,433.35 $2,751,863.64
11 $165,580.98 $72,719.26 $2,679,144.38
12 $161,026.65 $77,273.59 $2,601,870.79
13 $156,187.08 $82,113.15 $2,519,757.64
14 $151,044.42 $87,255.81 $2,432,501.83
15 $145,579.68 $92,720.55 $2,339,781.27
16 $139,772.69 $98,527.55 $2,241,253.73
17 $133,602.01 $104,698.22 $2,136,555.50
18 $127,044.87 $111,255.36 $2,025,300.14
19 $120,077.07 $118,223.17 $1,907,076.97
20 $112,672.87 $125,627.37 $1,781,449.60
21 $104,804.96 $133,495.28 $1,647,954.32
22 $96,444.29 $141,855.95 $1,506,098.38
23 $87,560.00 $150,740.24 $1,355,358.14
24 $78,119.30 $160,180.94 $1,195,177.20
25 $68,087.33 $170,212.91 $1,024,964.29
26 $57,427.07 $180,873.16 $844,091.13
27 $46,099.18 $192,201.06 $651,890.06
28 $34,061.82 $204,238.41 $447,651.65
29 $21,270.58 $217,029.65 $230,621.99
30 $7,678.24 $230,621.99 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Penn Plaza New York, NY


1500 sqft3900 sqft
Ø selling price$2,881,240$6,129,184
Ø fast selling$2,619,309$5,516,265
Ø high price sale$3,143,171$6,742,102

In 2026, houses in Penn Plaza New York, NY will be offered at an average price of $1564 per square foot. A 1,500 sqft home priced at $2,881,240 is 23.35% more expensive per square foot than a 3,900 sqft home priced at $6,129,184. Home prices in Penn Plaza New York, NY vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $4,243,281. Sellers who can wait longer may achieve a higher price of up to $5,186,232.


Penn Plaza, New York, NY Neighborhood Guide

Overview

The Penn Plaza neighborhood in New York, NY anchors the west side of Midtown Manhattan around Pennsylvania Station.
Known for transit convenience, office towers, arenas, and hotels, it blends a high-energy commercial core with round-the-clock foot traffic.

Location & Transit

Penn Plaza sits between Seventh and Eighth Avenues near 31st to 34th Streets, placing it steps from Penn Station and the modern Moynihan Train Hall.

Commuters access Amtrak, NJ Transit, Long Island Rail Road, and multiple subway lines, making it one of the city?s most connected hubs.

Landmarks & Lifestyle

The area is home to Madison Square Garden, hosting major concerts and sporting events that energize streets before and after shows.

Nearby, Herald Square and the Empire State Building add iconic skyline views and a steady stream of visitors.

Dining & Shopping

Casual eateries, food halls, and coffee bars cater to office workers and travelers, while late-night spots serve event crowds.
Retail stretches along Seventh Avenue and West 34th Street, with quick-grab options and flagship shopping within a short walk.

Real Estate & Offices

Commercial towers, renovated lobbies, and flexible workspaces define the Penn Plaza office scene, complemented by business-friendly hotels.

Tips for Visitors

Plan for heavy foot traffic during rush hours and event nights, and consider walking east to Koreatown or north to Times Square for expanded dining and entertainment.



FAQ – Home Values in Penn Plaza New York

What is the median home value in Penn Plaza New York in 2026?

In 2026, the typical home value in Penn Plaza New York is about $3,280,480 for an average home size of 2130 square feet. This corresponds to an average price of roughly $1564 per square foot.

What is the average cost per square foot in Penn Plaza New York?

In 2026, homes in Penn Plaza New York sell for an average of around $1564 per square foot, with a typical range between $240 and $7096 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Penn Plaza?

The average home size in Penn Plaza New York is about 2130 square feet, with an estimated 2026 value around $3,280,480.



Neighborhoods close to Penn Plaza New York, NY

Midtown East New York, NY11 $ / ft²
Windmill Farm Armonk, NY385 $ / ft²
Bedford Village Bedford, NY227 $ / ft²
Harlem New York, NY1025 $ / ft²
West End Fishers Island, NY141 $ / ft²




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