ESRT Acquires Williamsburg Retail Asset for $46M

Empire State Realty Trust acquired a newly constructed prime retail asset at 41-55 N. 6th St. in Williamsburg for $46 million at the end of Q1 2026. The property is approximately 22,000 square feet and was vacant at acquisition.

The asset sits between Kent and Wythe avenues near ESRT’s existing 102,000-square-foot portfolio of prime retail assets along North 6th Street. ESRT also closed on a $53.5-million mortgage on 10 Union Square East, a 58,000-square-foot prime retail property anchored by a long-term Target lease.