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ESRT Buys 127 Kent Ave Williamsburg Condo for $46M
Announced
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Deal Overview
Empire State Realty Trust purchased a commercial condo at 127 Kent Avenue in Williamsburg for $46 million. The unit spans more than 21,400 square feet and was acquired as a new commercial condo at the base of the building.
The sellers were Joyland Group and Prospect Developers. The deal excludes the residential portion of 127 Kent, a 43-unit development known as “The Sixth,” where more than half the units were reportedly in contract and penthouses were marketed above $6 million.
Key Details
- Transaction
- Empire State Realty Trust acquires 127 Kent Avenue commercial condo
- Deal Size
- $25M – $50M
- Reported Value
- $46 million
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