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 buyer's 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 ESRT's strategy to recycle capital into high-quality assets with long-term cash flow growth prospects.

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 $110 million. The transaction enhances the long-term value of ESRT's high-quality portfolio and was funded with balance sheet liquidity.

Adam Spies, Josh King, Avery Silverstein and Ben Lushing of Newmark (NASDAQ:NMRK) represented the Company in the sale of 250 West 57th Street.