Empire State Realty Trust Sells 250 West 57th Street Office Property

Empire State Realty Trust (ESRT) sold its office property at 250 West 57th Street on Tuesday, a move the company says consolidates its focus on its Broadway campus assets. The transaction marks a shift in the firm’s Manhattan portfolio strategy as it divests from the 57th Street location to prioritize its holdings in the Broadway corridor.

The company finalized the sale of the 250 West 57th Street building, though it did not disclose the specific financial terms of the deal. By offloading this asset, ESRT intends to concentrate its capital and operational resources on its existing properties located along the Broadway campus. This strategic realignment follows the company’s ongoing efforts to manage its real estate footprint within New York City. The firm currently maintains a diverse portfolio of office, retail, and multifamily assets throughout the metropolitan area.

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Date: June 2, 2026

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GOAI