Brooklyn, NY Fried Frank advised an affiliate of Empire State Realty Trust on its acquisition of two adjacent properties located at the northeast corner of North 6^th St. and Wythe Ave. in the Williamsburg neighborhood for a purchase price of $26.4 million. As part of Empire State Realty Trust’s capital recycling program, the transaction was funded by proceeds from a recent non-core asset disposition in a 1031, tax deferred exchange, and cash from the company’s balance sheet. The properties have a combined square footage of 11,000 s/f, including 5,600 s/f of retail space and six free-market residential units.

The Fried Frank team was led by real estate partner Ross Silver and included special counsel Jessica Mayes and associate Sarah Zehentner.

Thanks for Reading!

You've read 2 of your 3 guest articles

Register and get instant unlimited access to all of our articles online.

Sign up is quick, easy, & FREE.

Subscription Options

Already have an account? Login here