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Empire State Realty Trust, Known for Office Properties, Agrees To Buy Apartments in Manhattan

Deals Diversify Landlord’s Holdings as Market Struggles to Recover From Pandemic
Empire State Realty Trust plans to purchase multifamily properties in New York. (James Hooker/CoStar)
Empire State Realty Trust plans to purchase multifamily properties in New York. (James Hooker/CoStar)
CoStar News
October 28, 2021 | 12:07 AM

With New York’s office and retail property sectors still struggling to recover from COVID-19 damages, Empire State Realty Trust is looking to diversify its portfolio. The landlord has agreed to buy two multifamily properties in Manhattan totaling 625 residential units.

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