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Empire State Realty refinances, increases mortgage debt on 1333 Broadway

Empire State Realty Trust Inc. refinanced its 1333 Broadway property with $160.0 million in new mortgage debt, up from the existing $66.6 million mortgage.

The new loan, secured in January, is due February 2033, with a 4.21% fixed interest.

The New York-focused office and retail property landlord said in its latest earnings release that it applied part of the new financing to release the $75.8 million mortgage lien on its 1400 Broadway property.