Office space in the building was leased to Facebook in 2020. The interior space that once housed the main mail sorting room now houses the Moynihan Train Hall since 2021.
The building was sold to the New York government in 2006. It was officially renamed in 1982 in honor of James Farley who was the nation's 53rd Postmaster General and served from 1933 to 1940. The building was made a New York City designated landmark in 1966 and was added to the National Register of Historic Places in 1973. Farley Building was known as the Pennsylvania Terminal until 1918, when it was renamed the General Post Office Building.
The remaining three facades have a similar but simpler design. An entablature above the colonnade bears the United States Postal Service creed: "Neither snow nor rain nor heat nor gloom of night stays these couriers from the swift completion of their appointed rounds." The colonnade’s inner ceiling is decorated with the crests or emblems of ten major nations that existed at the building's completion. The imposing design was meant to match that of the original Pennsylvania Station across the street. The main facade of the Farley Building (over 8th Avenue) features a Corinthian colonnade-the largest of its style in the world-finishing at a pavilion on each end. The Farley Building, at 421 Eighth Avenue between 31st Street and 33rd Street in Midtown Manhattan, faces Pennsylvania Station and Madison Square Garden to the east. Designed by McKim, Mead & White in the Beaux-Arts style, the structure was built between 19, with an annex constructed between 19. Farley Building is a mixed-use structure in Midtown Manhattan, New York City, which formerly served as the city's main United States Postal Service (USPS) branch.
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