Empire State Realty Trust Announces Disposition of 250 West 57th Street and Strengthens Ownership of Broadway Campus Assets
Empire State Realty Trust completed the sale of 250 West 57th Street for $275 million, with the buyer assuming $180 million in mortgage debt. The proceeds recycle capital into the company's December 2025 acquisition of 130 Mercer Street without triggering a taxable gain, aligning with its strategy of focusing on high-quality assets.
Key figures
- Deal Value Usd
- 275000000
- Residential units
- 743
- Office rentable sqft
- 8000000
- Mortgage debt assumed
- 180000000
- Ground lease purchase price
- 110000000
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.