secwatch.observer — SEC 8-K summary
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Issuer:     Empire State Realty Trust, Inc. (ESRT)
CIK:        0001541401
Form:       8-K
Filed at:   2022-12-21T23:59:59+00:00
Accession:  0001541401-22-000033
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ESRT buys 298 Mulberry St for $115M, sells 10 Bank St for $42M; observatory traffic recovering
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- Acquired 298 Mulberry Street in Manhattan for $115M; 96 free-market units plus retail/garage.
- Closed sale of 10 Bank Street, White Plains for $42M; mortgage assumed by buyer.
- October-November observatory attendance ~66% of 2019; December to-date 95% of 2019.
- Q4-to-date share repurchases $4.4M at avg $6.67; cumulative $277.4M at avg $8.34.
- Expects to close $53M sale of 500 Mamaroneck Ave in Q1 2023; proceeds used in 1031 exchange.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1541401/000154140122000033/0001541401-22-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1541401/000154140122000033/esrt-20221221.htm
  HTML page:      https://secwatch.observer/filing/0001541401-22-000033

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer