Empire State Realty Sells 250 West 57th Street for $275M
Empire State Realty completed the disposition of 250 West 57th Street for $275M, which included the buyer's assumption of $180M of mortgage debt. The transaction represents a recycling of capital into the company's December 2025 acquisition of 130 Mercer Street, without recognition of a taxable gain. The company also completed the purchase of the land underlying its 111 West 33rd Street and 1400 Broadway properties, which carried remaining ground lease terms of approximately 51 and 38 years, respectively, for an aggregate purchase price of $110M. The transaction was funded with balance sheet liquidity.
