Anthony E. Malkin Of Empire State Realty Trust Acquires Office Property For $110 Million
111 West 33rd Street, 1400 Broadway N, 1400 Broadway New & 1400 Broadway
$110,000,000
Building Size
—
Asset Type
Office
Closing
Jun 2, 2026
AI
The transaction involves the sale of office assets located at 111 West 33rd Street and 1400 Broadway in Manhattan. The property was purchased for a total of $110,000,000. The deal included the land beneath the Empire State Realty Trust's Manhattan towers.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $110,000,000
- Buyer: Anthony E. Malkin - Empire State Realty Trust
- Seller: Affiliates of Cohen Brothers Realty Corp
Anthony E. Malkin, representing Empire State Realty Trust, acquired the land from affiliates associated with Cohen Brothers Realty Corp. This transaction consolidates ownership of the land on which two significant towers reside.
Players
Market Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93