• Empire State Realty Trust completed the sale of 250 West 57th Street for $275 million, including the buyer’s assumption of $180 million mortgage debt.
• Proceeds will be recycled into the December 2025 acquisition of 130 Mercer Street without recognizing a taxable gain.
• The REIT bought the land under 111 West 33rd Street, 1400 Broadway for $110 million, eliminating ground leases with about 51 years, 38 years remaining.
• The land purchase was funded with balance sheet liquidity, strengthening long-term control of the Broadway campus assets.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Empire State Realty Trust Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260601889466) on June 02, 2026, and is solely responsible for the information contained therein.