Empire State Realty Trust

People:

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Empire State Realty Trust portfolio

$2.2 billion* – office 90%, elevator 7%; Manhattan 98%, Brooklyn 1%

25th largest portfolio by dollar value

7,247,144 sqft – office 87%, elevator 9%;

34th largest by SF

28 properties – Manhattan 60%, Brooklyn 39%

354th largest

732 residential units – Manhattan 98%, Brooklyn 1%

315th largest by residential units

0 foreclosures, 0 bankruptcies, 3 other court cases.

Company Activity past 24 months:

Buyer company: 8 for $221.4 million

Top Ten Associated People:

Domenic Lanni (6), Harold A. Fetner (3), Kathryn Marnell (2), Eric Mann (2), Raymond Chalme (1)

Recent activity as company:

L3 Capital sold 111 North 6th Street, Williamsburg, Brooklyn for $35 million to Empire State Realty Trust on November 15, 2024.

L3 Capital sold 92 North 6th Street, Williamsburg, Brooklyn for $17 million to Empire State Realty Trust on November 14, 2024.

L3 Capital sold 85 North 6th Street, 81 North 6th Street, 89 North 6th Street, and 91 North 6th Street, Williamsburg, Brooklyn for $68 million to Empire State Realty Trust on October 03, 2024.

L3 Capital sold 102 North 6th Street, Williamsburg, Brooklyn for $28.6 million to Empire State Realty Trust on October 03, 2024.

L3 Capital sold 124 North 6th Street, Williamsburg, Brooklyn for $18.1 million to Empire State Realty Trust on October 02, 2024.

L3 Capital sold 134 N 6th Street, Williamsburg, Brooklyn for $28.3 million to Empire State Realty Trust on October 01, 2024.

Mann Group sold 157-159 Wythe Avenue, Williamsburg, Brooklyn for $15 million to Empire State Realty Trust on September 29, 2023.

Mann Group sold 161 Wythe Avenue, Williamsburg, Brooklyn for $11.4 million to Empire State Realty Trust on September 29, 2023.

Broad Street Development and Crow Holdings Capital sold 298 Mulberry Street, NoHo, Manhattan for $114.9 million to Empire State Realty Trust on December 28, 2022.

Fetner Properties sold 561 10th Avenue, Hell’s Kitchen, Manhattan for $153.3 million to Empire State Realty Trust on February 11, 2022.

Latest Stories:

• 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)

• Empire State Realty Trust pays $18.1M to L3 Capital in second recent purchase in Williamsburg (October 03, 2024)

• Empire State Realty Trust pays $28.3M to L3 Capital for retail in Williamsburg (October 02, 2024)

• Empire State Realty Trust pays $26.4M to Mann Group for mixed-use in Williamsburg (September 29, 2023)

• Empire State Realty pays $114.9M to Broad Street, Crow Holdings for 96-unit rental in NoHo (December 29, 2022)

• L3 Capital signs $20M refi loan with Wintrust Bank for four properties in Williamsburg (July 18, 2022)

• ESRT pays $188M to Fetner Properties for 417-unit elevator building, retail in Hell’s Kitchen (February 14, 2022)

• L3 Capital borrows $126M from JPMorgan Chase to acquire property in Williamsburg (January 18, 2021)

Court Records:

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Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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