Empire State Realty Trust continues Williamsburg spree

Empire State Realty Trust’s takeover of Williamsburg appears unceasing. The real estate investment trust purchased a commercial condo at 127 Kent Avenue last week for $46 million. The acquisition is just the latest in a spree of deals in the Brooklyn neighborhood for Tony Malkin’s firm, the Commercial Observer reported. The momentum for ESRT’s activity in the neighborhood appeared to ramp up in 2024. That year, the company revealed plans to buy two retail locations on the North Sixth Street shopping corridor for a combined $195 million; it already owned 77 North Sixth Street and 157-159 Wythe Avenue at that […] This article originally appeared on The Real Deal. Click here to read the full story.