# Empire State Sells Garment District Tower | Real Estate News

Page: https://stenobird.com/podcast/real-estate-news-today-2-min-news-the-daily-news-now-7843453/empire-state-sells-garment-district-tower-real-estate-news
Text version: https://stenobird.com/podcast/real-estate-news-today-2-min-news-the-daily-news-now-7843453/empire-state-sells-garment-district-tower-real-estate-news.md
Podcast: [Real Estate News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/real-estate-news-today-2-min-news-the-daily-news-now-7843453)
Published: 2026-07-24T16:08:40+00:00
Episode link: https://sources.thednn.ai/74b4eee295813604
Audio file: https://api.fastcast.ai/audio/a40c94b7-2651-4624-a52d-2daf53d337de.mp3
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JSON: https://stenobird.com/v1/public/podcasts/real-estate-news-today-2-min-news-the-daily-news-now-7843453/episodes/empire-state-sells-garment-district-tower-real-estate-news
Duration seconds: 102

## Resource

Empire State Realty Trust is selling its 22-story, 486K SF Garment District office tower at 1359 Broadway—priced at $225M with zero debt, making it a juicy deal. This move fits into their broader pivot from pure office to apartments and retail, as seen in recent big moves: buying Midtown land for $110M, selling a 54-story West 57th Street tower for $280M, and snapping up the Scholastic Building in Soho for $386M. The building’s nearly 100% leased, with tenants like SLCE Architects and Wolfgang’s Steakhouse, adding instant cash flow. Led by Newmark’s Adam Spies and Josh King, this isn’t just another sale—it’s a strategic reshuffle in NYC’s ever-evolving real estate scene. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/74b4eee295813604

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