Investors
Empire State Realty Trust (NYSE: ESRT) is prepared to acquire quality multifamily, office, and retail assets in New York City to add to our portfolio of fully modernized energy efficient properties.
Our performance, our ability to execute, and our balance sheet speak for themselves. We have acquired close to $500 million in assets since December 2021. Our focus is on Manhattan and Brooklyn.
We have the ability to transact all cash as well as offer stock and senior/ preferred equity to preserve tax positions of those who have needs for tax sensitive resolutions. Along with certainty of closure, we ensure a quick and efficient diligence process.
We are ready to acquire equity, debt, and deed-in-lieu positions, and can contribute operational expertise and have “skin in the game” on any opportunities.
Please contact Aaron Ratner or Stephen Passalacqua for a confidential discussion.
Contact Information
Aaron Ratner
Chief Investment Officer
ARatner@esrtreit.com · 212.850.2766
Stephen Passalacqua
SVP, Investments
SPassalacqua@esrtreit.com · 212.850.2673
Empire State Realty Trust (NYSE: ESRT) is prepared to acquire quality multifamily, office, and retail assets in New York City to add to our portfolio of fully modernized energy efficient properties.
Our performance, our ability to execute, and our balance sheet speak for themselves. We have acquired close to $500 million in assets since December 2021. Our focus is on Manhattan and Brooklyn.
We have the ability to transact all cash as well as offer stock and senior/ preferred equity to preserve tax positions of those who have needs for tax sensitive resolutions. Along with certainty of closure, we ensure a quick and efficient diligence process.
We are ready to acquire equity, debt, and deed-in-lieu positions, and can contribute operational expertise and have “skin in the game” on any opportunities.
Please contact Aaron Ratner or Stephen Passalacqua for a confidential discussion.
Contact Information
Aaron Ratner
Chief Investment Officer
ARatner@esrtreit.com · 212.850.2766
Stephen Passalacqua
SVP, Investments
SPassalacqua@esrtreit.com · 212.850.2673
Equity, preferred equity, or financing
Fee only
Building size
- 100 units or greater
Market rate units
- 70% or more of total units
Elevator-serviced
Contact Information
Aaron Ratner
Chief Investment Officer
ARatner@esrtreit.com · 212.850.2766
Stephen Passalacqua
SVP, Investments
SPassalacqua@esrtreit.com · 212.850.2673
Equity, preferred equity, or financing
Fee only
Building Size
- 350K SF or larger
Floorplates
- 20K SF minimum
- Will consider larger base, smaller tower floors
Orientation
- Avenue buildings
Ceiling heights
- Minimum 11′ slab to slab and 10′ clearance to underside of beam
Leased %
- No preference
Target Submarkets:
Midtown
- Penn Station
- Times Square South
- Grand Central
- Park Avenue
- Madison
- Fifth Avenue
- Sixth Avenue
- Rock Center
- Older “Hudson Yards”
Midtown South
- Penn Station
- Chelsea
- Madison Square
- Union Square
- Hudson Square
- Greenwich Village
Tribeca
Contact Information
Aaron Ratner
Chief Investment Officer
ARatner@esrtreit.com · 212.850.2766
Stephen Passalacqua
SVP, Investments
SPassalacqua@esrtreit.com · 212.850.2673
Equity, preferred equity, or financing
Size
- No preference
- Minimum 30% of total SF on ground floor
Location
- Corner or visible locations
Ceiling heights
- Minimum 12 feet slab-to-slab
Column spacing
- Minimum 15 feet
Street frontage
- Minimum 20 feet
Transit linked, high foot-traffic
Leased %
- No preference
Target Submarkets:
Manhattan
- Fifth Avenue
- Throughout
- Midtown / Midtown South
- Flatiron / Union Square
- SoHo
- Meatpacking
- Upper East Side
- 86th Street Lexington & Third Avenue
- Upper West Side
- 72nd Street
- 86th Street
Brooklyn
- Williamsburg
Contact Information
Aaron Ratner
Chief Investment Officer
ARatner@esrtreit.com · 212.850.2766
Stephen Passalacqua
SVP, Investments
SPassalacqua@esrtreit.com · 212.850.2673