ESRT sells 250 West 57th Street for $275 million
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Empire State Realty Trust Announces Disposition of 250 West 57th Street and Strengthens Ownership of Broadway Campus Assets
June 2, 2026 6:20 AM EDTNEW YORK--(BUSINESS WIRE)-- Empire State Realty Trust, Inc. (NYSE: ESRT) (the Company) today announced the completion of the disposition of 250 West 57th Street for $275 million, which included the buyers assumption of $180 million 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 sale is consistent with ESRTs strategy to recycle capital into high-quality assets with long-term cash flow growth... More
