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111 West 33rd Street

Anthony E. Malkin Of Empire State Realty Trust Acquires Office Property For $110 Million
SOLDOffice

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

Empire State Realty Trust
Empire State Realty TrustBuyer

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