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.
Categories
Recent Posts
Inside the Search: Choosing the Right Deal in Chicago With
Taka Buranda
It’s a Family Affair: Multigenerational Living Rental Can
Help Landlords Boost Income While Offering Tenants
Affordability
PolicyPro: J-51 reboot flops for rent-regulated landlords,
boosts co-ops and condos
Hotel union deal puts cleaners on track for $100K
salaries
Mamdani targets Brooklyn corridors for major housing
push 
Saunders partners with Premier Estate Properties to link
ultralux markets
RealPage rent-fixing settlements pass $200M (and
counting)
Record High Mortgage Debt Sounds Scary. Here’s What the
Headlines Leave Out.
Richard Born dumps Chambers Hotel for $66M
NYC’s top deals: Benchmark scoops up $42M apartment complex
on UWS
