Empire State Realty Trust
People:
Empire State Realty Trust NYC portfolio
$4.4 billion -office 80%, elevator 9%, condo 4%; Manhattan 93%, Brooklyn 6%*
39th largest portfolio by dollar value
8,030,677 sqft – office 87%, elevator 8%, condo 1%; Manhattan 98%, Brooklyn 1%
43th largest by SF
31 properties – Manhattan 58%, Brooklyn 41%
313th largest
745 residential units – Manhattan 96%, Brooklyn 3%
436th largest by residential units
0 foreclosures, 0 bankruptcies, 177 other court cases.
Company Activity past 24 months:
Buyer company: 12 for $771.6 million
Seller company: 1 for $275 million
Borrower company: 1 for $53.5 million
Top Ten Associated Companies:
NYS Housing Finance Agency (2), Morgan Stanley (2), Federal Home Loan Mortgage Corporation (1), Namdar Realty Group (1), Target Corporation (1)
Top Ten Associated People:
Kathryn Marnell (2), Igal Namdar (1), Cynthia Eckes (1)
Recent activity as company:
• Empire State Realty Trust sold 962 8 Avenue for $275 million to Namdar Realty Group on June 01, 2026.
• Cohen Brothers Realty sold 1400 Broadway for $61.3 million to Empire State Realty Trust on May 20, 2026.
• Cohen Brothers Realty sold 125 West 33 Street for $52.3 million to Empire State Realty Trust on May 20, 2026.
• Empire State Realty Trust borrowed $53.5 million from Morgan Stanley for 1 Irving Place, Gramercy, Manhattan on March 31, 2026.
• Joyland Management sold None for $46 million to Empire State Realty Trust on March 27, 2026.
• Scholastic Inc. sold 555 Broadway for $386 million to Empire State Realty Trust on December 17, 2025.
• Morris Lerman and Jacob Lerman sold 90 North 6 Street for $31 million to Empire State Realty Trust on June 30, 2025.
• L3 Capital sold 130 Berry Street for $35 million to Empire State Realty Trust on October 31, 2024.
• L3 Capital sold 94 North 6 Street for $17 million to Empire State Realty Trust on October 30, 2024.
• L3 Capital sold 136 North 6 Street for $28.3 million to Empire State Realty Trust on September 25, 2024.
Latest Stories:
• Namdar’;s $275M purchase of office in Midtown West from ESRT is recorded (June 10, 2026)
• Empire State Realty Trust pays $46M to Joyland for retail in Williamsburg (April 06, 2026)
• ESRT pays $386M to Scholastic Inc. for two office buildings in SoHo (January 16, 2026)
• ESRT pays $31M for retail in Williamsburg (July 15, 2025)
• ESRT signs contract to buy two Williamsburg retail properties (February 07, 2025)
• Empire State Realty Trust pays $35M to L3 Capital for retail in Williamsburg (November 18, 2024)
• Empire State Realty Trust pays $17M to L3 Capital for retail in Williamsburg (November 15, 2024)
• ESRT pays $28.6M to L3 Capital in third related Williamsburg purchase (October 03, 2024)
Court Records:
Properties: