Empire State Building | The Real Deal New York

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Empire State Building

350 Fifth Avenue
New York, NY 10018
Website
Office, Leasing/Rental

The 102-story, 1,250-foot Empire State Building at 350 Fifth Avenue is probably the world's most famous office building. It was the world's tallest building for nearly 40 years after its 1931 completion and, though, several towers have now sprung past its peak, the skyscraper remains one of New York City's most iconic symbols and tourist attractions.

While its cultural bona fides have never dimmed, the tower's fortunes as a commercial property have ebbed and flowed, with marquee tenants giving way to more run-of-the-mill occupants and renovations chopping up its interiors into smaller spaces. In 2010, however, the tower's then-managing group Malkin Holdings launched a $550 million revamp to make the building more environmentally friendly as well as more appealing to higher-paying tenants.

Since 2013, the tower has been controlled by the Empire State Realty Trust, a publicly traded company launched by longtime majority owner the Malkin family, led by Anthony Malkin, now the trust's chairman and CEO.

  • Address 350 Fifth Avenue
  • neighborhood Garment District
  • borough Manhattan
  • owner Empire State Realty Trust
  • owner entity ESRT EMPIRE STATE BUI
  • floors 102
  • Year Built 1931
  • square feet 2,812,739
  • block and lot 1-00835-0041
  • BIN 1015862

The top NYC office leases in July
08/07/18
...the property, Bank of New York Mellon. 5) LinkedIn, Empire State Building at 350 Fifth Avenue, Garment District - 312,947 square feet The professional social network renewed and...

For family dynasties: Adapt or die
08/06/18
...The Malkins, whose most famous asset is the Empire State Building, have arguably undergone the greatest transformation among New York’s leading real estate dynasties...

Cammeby’s buys Kew Gardens resi complex for $23M
07/06/18
...for making a $2 billion unsolicited bid for the Empire State Building in 2013. Schron’s real estate holdings are worth over $10 billion. Rubin, who is 80 years...

LinkedIn is taking even more space at the Empire State Building
07/05/18
...LinkedIn's Jeff Weiner and the Empire State Building (Credit: LinkedIn and Pixabay) LinkedIn has signed its sixth expansion at the Empire State...

Will Cushman fall flat on Wall Street?
07/02/18
...York’s most iconic office towers — including the Empire State Building and One World Trade Center — were lit red in honor of Cushman’s 100-year...

Will Cushman fall flat on Wall Street?
...York’s most iconic office towers — including the Empire State Building and One World Trade Center — were lit red in honor of Cushman’s 100-year...

Why more and more investors turning to real estate syndication
06/25/18
...Helmsley, David Lichtenstein, Park Lane Hotel, Starrett City, Empire State Building, Harry Macklowe, Steve Witkoff, Gary Barnett and 432 Park When the equity for what would...

One Vanderbilt to 1 WTC: My view’s $5 nicer than yours
06/05/18
...One Vanderbilt, One World Trade, and the Empire State Building (Credit: One Vanderbilt, Ron Cogswell via Flickr, and Wikipedia) Soaking in a panoramic view...

Queens means business: Here’s the look at the borough’s biggest deals in Q1
04/30/18
...grabbed space for its executive offices at the Empire State Building a few years ago, and Terreno is paying slightly less than the Queens building...

The Long View: Trump hates the US trade deficit, but here’s why the real estate industry needs it
04/25/18
...the Manhattan property market, buying Rockefeller Center, the Empire State Building and several other properties. In recent years, Chinese companies bought up trophy properties like...

SoftBank is making splashy real estate plays. But will they pan out?
04/10/18
...properties and scooped up trophies such as the Empire State Building and Rockefeller Center. But with Son, it’s a very different kind of real...

Meet Steve Roth, the toughest man in RE
04/09/18
...it with two skyscrapers, one taller than the Empire State building, and ten million square feet of office space. Then, in 2008, Gov. Eliot Spitzer resigned...

Will SoftBank’s splashy real estate plays pan out?
...properties and scooped up trophies such as the Empire State Building and Rockefeller Center. But with Son, it’s a very different kind of real...

The city’s most prolific architecture firms
03/28/18
From the March issue: The battle for designing One Vanderbilt came down to three distinguished architecture firms, all with impressive international portfolios — and chops building complex...

Millennial City: How the “selfie” generation is revolutionizing NYC real estate
03/22/18
...Empire State Realty Trust, the owner of the Empire State Building, recently installed a 15,000-square-foot fitness center for tenants in the iconic building’s concourse...

Landlords in “nuclear arms race” to upgrade buildings: Ric Clark
03/20/18
...Ric Clark, Anthony Malkin and the Empire State Building Now that a real estate developer-turned-president is trying to broker peace with North Korea...

Who’s designing NYC’s skyline?
The battle for designing One Vanderbilt came down to three distinguished architecture firms, all with impressive international portfolios — and chops building complex office towers....

Virgo Business Centers expanding presence at Midtown office tower
02/16/18
...feet across five New York buildings, including the Empire State Building. The law firm Linklaters and the private equity firm Fortress Investment Group are also...

Watchmaker Bulova selling old Queens HQ
02/06/18
...took space a few years ago at the Empire State Building for its executive offices, freeing it up to sell its warehouse and office space...

Can ESRT finally fix its retail problem?
02/02/18
...Anthony Malkin and the Empire State Building (Credit: Getty Images) Empire State Realty Trust is betting that a gut renovation of...

Will fewer showings, no pool and no staging sell a $74M penthouse?
02/02/18
...rd floors, 12-foot windows maximize views of the Empire State Building. The 22nd floor also has a skylight that doubles as the glass floor on...

BK Navy Yard set to launch $2.5B redevelopment plan
01/31/18
...would have as much square footage as the Empire State Building. The development corporation recently turned to the EB-5 program for funding. But there are...

You’re not going to believe this one: NYC property taxes are going up
01/17/18
...Properties is only paying taxes on $765.3 million. The Empire State Building’s market value rose by $39.9 million to $920.9 million and its tentative billable assessment stood...

These 3 City Council bills could be a game changer for property managers
01/03/18
...Empire State building The City Council is scheduled to hold a hearing on Jan. 8 on three bills...

Ranking NYC’s top retail brokerages
12/26/17
...At 345 Fifth Avenue, which sits across from the Empire State Building, the food hall Frame Market inked a 15-year deal in September for 15,000 square feet...
For more info, click here
  • Event Office Leasing
  • Building Name Empire State Building
  • Address 350 Fifth Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 46,537
notes
The outdoor advertising company signed a lease.
For more info, click here
  • Event Office Leasing
  • Address 350 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 20,000
notes
The sales and marketing firm signed a lease.
For more info, click here
  • Event Office Leasing
  • Address 350 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 25,300
  • Publication Date 04/01/2016
  • Event Date 02/15/2016
  • Party 1 Empire State Realty Trust
  • Party 1 Brokerage Empire State Realty Trust
  • Party 1 Broker Ryan Kass, Fred Posniak, Shanae Ursini
  • Party 2 Shutterstock
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Party 2 Broker Paul Ippolito
notes
The commercial digital imagery and music company signed a lease for a full floor.
For more info, click here
  • Event Office Leasing
  • Building Name Empire State Building
  • Address 350 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 25,300
  • Publication Date 03/01/2016
  • Event Date 01/01/2016
  • Party 1 Empire State Building Company
  • Party 1 Brokerage Empire State Realty Trust
  • Party 1 Broker Ryan Kass, Fred Posniak, Shanae Ursini
  • Party 2 Shutterstock
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Party 2 Broker Paul Ippolito
notes
The stock footage company signed a lease.
For more info, click here
  • Event Office Leasing
  • Building Name Empire State Building
  • Address 350 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 9,000
notes
The travel company signed a lease on the 72nd floor.
For more info, click here
  • Event Office Leasing
  • Address 350 Fifth Avenue
  • Neighborhood Midtown South
  • Borough Manhattan
  • Square feet 13,171
  • Publication Date 11/01/2015
  • Event Date 09/22/2015
  • Party 1 Brokerage Newmark Grubb Knight Frank
  • Party 1 Broker William Cohen, Ben Shapiro, Kara Luwisch
  • Party 2 BNP Media
  • Party 2 Brokerage CBRE
  • Party 2 Broker Anthony Dattoma
notes
The company signed a lease.
For more info, click here
  • Event Office Leasing
  • Address 350 Fifth Avenue
  • Neighborhood Midtown South
  • Borough Manhattan
  • Square feet 130,000
  • Publication Date 09/01/2015
  • Event Date 07/23/2015
  • Party 1 Empire State Realty Trust
  • Party 1 Brokerage Empire State Realty Trust
  • Party 1 Broker Ryan Kass, Fred Posniak, Shanae Ursini
  • Party 2 LinkedIn
  • Party 2 Brokerage CBRE
For more info, click here
  • Event Retail leasing
  • Address 350 Fifth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 600
  • Publication Date 07/01/2015
  • Event Date 05/22/2015
  • Party 2 Starbucks
For more info, click here
  • Event Retail Leasing
  • Address 350 Fifth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 1,173
For more info, click here
  • Event Retail Leasing
  • Address 350 Fifth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 1,344
For more info, click here
  • Event Office Leasing
  • Building Name Empire State Building
  • Address 350 Fifth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 21,401
For more info, click here
  • Event Office Leasing
  • Address 350 Fifth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 78,000
For more info, click here
  • Event Office Leasing
  • Address 350 Fifth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 3,719
For more info, click here
  • Event Office Leasing
  • Address 350 Fifth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 2,530
For more info, click here
  • Event Office Leasing
  • Building Name Empire State Building
  • Address 350 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 26,782
notes
The media company signed a lease.
For more info, click here
  • Event Office Leasing
  • Building Name Empire State Building
  • Address 350 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 2,733
notes
The tenant signed a lease.
For more info, click here
  • Event Office Leasing
  • Building Name Empire State Building
  • Address 350 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 4,904
  • Publication Date 01/01/2015
  • Event Date 11/17/2014
  • Party 1 Empire State Realty Trust
  • Party 1 Brokerage Empire State Realty Trust, Newmark Grubb Knight Frank
  • Party 1 Broker Fred Posniak, William Cohen, Jonathan Tootell, Shanae Ursini
  • Party 2 Applied Value LLC
  • Party 2 Brokerage Norman Bobrow & Company
  • Party 2 Broker Ethan Ambalu, Benjamin Srour
notes
The professional services company signed a lease.
For more info, click here
  • Event Office Leasing
  • Building Name Empire State Building
  • Address 350 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 3,005
notes
The financial services company signed a lease.
For more info, click here
  • Event Office Leasing
  • Building Name Empire State Building
  • Address 350 Fifth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 26,286
notes
The media company signed a new lease.
For more info, click here
  • Event Office Leasing
  • Building Name Empire State Building
  • Address 350 Fifth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 8,093
notes
The tech firm signed an expansion lease.
For more info, click here
  • Event Office Leasing
  • Building Name Empire State Building
  • Address 350 Fifth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 3,484
notes
The law firm signed a new lease.
For more info, click here
  • Event Office Leasing
  • Building Name Empire State Building
  • Address 350 Fifth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 12,248
notes
The law firm signed a new lease.
For more info, click here
  • Event Office Leasing
  • Building Name Empire State Building
  • Address 350 Fifth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 33,214
notes
The luxury watchmaker signed a lease for the entire 29th floor.
For more info, click here
  • Event Office Leasing
  • Building Name Empire State Building
  • Address 350 Fifth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 4,616
notes
The consulting firm signed an expansion lease.
For more info, click here
  • Event Office Leasing
  • Building Name Empire State Building
  • Address 350 Fifth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 3,272
notes
The hedge fund signed a new lease.
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...Building, from a modest space across from the Empire State Building. In the last three years, the firm partnered with the publicly traded real estate...

Luxury lingerers
...blocked the penthouse’s north-facing view of the Empire State Building, a hit to the property’s value. That’s not the only challenge the...

Not just Google
...than Facebook (at 335 Madison) and LinkedIn (at the Empire State Building), which are in Midtown proper, most of the activity is taking place in the...

Forecasters change tune — for better
...amp; Fung taking nearly 500,000 square feet in the Empire State Building, amid reports that Nomura Holding America might lease about 600,000 square feet at Worldwide Plaza...

A double dip? Not in leasing
...reportedly looking to lease 500,000 square feet in the Empire State Building. A pending deal could not come at a better time for the iconic tower...

Lackluster leasing sparks debate
...on the market, including 184,000 square feet at the Empire State Building, CBRE said. Average asking rents rose in some submarkets, including Sixth Avenue/Rockefeller Center...

Top Office Leasing Brokers
...weren't happening," said Michael, who arrived from Helmsley-Spear's Empire State Building office while older brother Paul sold ad space for a publisher. In today's more...
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