You can now own a piece of the Empire State Building, which went public last week at $13/share. It’s part of a real estate trust which includes other buildings, but the Empire State Building is the marquis building in the portfolio. The building is of course just a few blocks north of Madison Square Park at 33rd Street and 5th Avenue.
We can’t tell you if it is a good investment or not since our magic 8ball is not working these days, so obviously do your own research before you make any investment. Pretty cool though to think “I own a piece of this building” as you pass the swarms of tourists and guys in yellow jackets selling Empire State platform viewing tickets. (Full disclosure: We bought 20 shares as a symbolic gesture for the neighborhood. Watch out real estate tycoons!)
Empire State Building, just north of Madison Square Park, goes public,