Cohen’s Land Sold as Debt Looms

Charles Cohen’s empire is crumbling under the weight of a $187 million judgment from Fortress Credit, with a June 19 deadline looming. To seize control, Empire State Realty Trust — led by Tony Malkin — just bought the land under two of Cohen’s Midtown properties for $110 million, effectively rewriting decades-old leases. These parcels, at 111 W 33rd and 140 Broadway, were acquired by Cohen’s company two decades ago — and 140 Broadway recently saw Burlington Stores expand its lease dramatically. Cohen’s financial woes deepened when his Lexington Ave HQ was foreclosed, and despite selling key assets like 623 Fifth Ave and 3 E 54th for a combined $349 million, he’s still $135 million short. Meanwhile, ESRT is cashing in — they just sold their 250 W 57th building for $275 million to Namdar Realty Group, proving they’re not just playing defense — they’re making moves. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/4137e60906ad3534