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ESB Express Pass$41.52(+$3.48 Tx)Adults (13-61)$18.45(+$1.55 Tx)Child (6-12)$12.92(+$1.08 Tx)Senior (62+)$16.61(+$1.39 Tx)ESB Audio Tour$7.38(+$.62 Tx)Military in UniformFreeToddlers (5 or younger)Free

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13y ago
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13y ago

The value will depend on a variety of factors including the property leases, rental rates, other income derived from the property, the property's occupancy rate, as well as the general market's occupancy rates. The property will also depend on if there are any master leases or ground leases which could devalue the property. The property was sold by Donald Trump and his group for $57.5MM which is grossly undervalued for a building like this and it was mainly due to the fact that the property has a sole master lease for 114 years through 2076. This master lease artificially lowers the value of the property because the rent is well below the market rate. Once this master lease is gone the property value could grow enormously.

For example if the building, which is 2.5 million square feet of space, is 95% occupied with average rents of $40.00 per foot on a triple net basis for all of the leases, the net operating income would be approximately $95,000,000 per year. Further assume that a building of this stature could get a capitalization between 5.0% and 6.0% than the building could be value somewhere between $1.583 billion and $1.9 billion. This number could be even high or lower depending on the factors previously described above.

Again, this is just an estimate, and I do not have all of the facts, but this should work as a general example of how the value of a building can be estimated.

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Ruv

Lvl 2
2y ago

If you want to visit the Main deck on the building's 86th floor, you need to buy the standard ticket, which costs $45.73 for an adult. If you want to skip all the lines, you must buy an express entry ticket, which costs $85 for all visitors. Children are $36.00, and seniors are $40.00

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12y ago

$15.00 that's all it costs to get a tour of the inside and outside of the Empire State Building

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13y ago

Free Entry with The New York Pass

Normal Entry Price: Adult: $21.00

Normal Entry Price: Child: $14.00

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12y ago

if u are with 4 ppl it wiil coast 150 dollar and u also get to go on a sky ride.

by:preetiza hope u enjoy ur ride

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11y ago

About $30, not that bad.

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11y ago

5 dollar

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Q: How much do Empire State building tickets cost?
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