ESRT · NYSE · Finance

What does it cost to trade Empire State Realty Trust, Inc. Class A?

A $10,000 order costs about $44.66 (44.7 bps) between the half-spread and market impact.

Data as of 1 November 2026

Cost of $10k$44.66
Estimated quoted spread61.4 bps
Average daily trading value$23.5M
Daily volatility1.07%
1-day VaR (95%) on $10,000$176
Liquidity tierThin

Estimated cost by order size

Order Half-spread Market impact Total Share of daily volume
$1,000 30.7 bps 5.53 bps $3.62 · 36.2 bps < 0.01%
$10,000 30.7 bps 13.9 bps $44.66 · 44.7 bps 0.043%
$100,000 31.3 bps 35.6 bps $669.44 · 66.9 bps 0.426%

Liquidity

Empire State Realty Trust, Inc. Class A trades about $23.5M a day, which puts it in the thin liquidity tier. At that depth the model estimates a quoted spread of 61.4 bps, so a market order pays roughly half of it on the way in, and again on the way out. An order stays below 1% of a normal day's trading up to about $235K.

Volatility and risk

Daily volatility is around 1.07%, which is moderate for a stock. On a $10,000 position, the 1-day value at risk at 95% is about $176: on one trading day in twenty, a loss larger than that should be expected. Volatility also widens spreads, which the cost estimate above already includes.

How these figures are estimated

Spread: PreTrAIde's liquidity-tier model (average daily trading value) with a volatility uplift and a one-tick floor. Market impact: an Almgren-Chriss-style model on the order's share of daily volume. VaR: 1.645 × daily volatility. Inputs are 30-day average volume and recent price range. These are estimates, not quotes: the real cost depends on the market when the order is placed. PreTrAIde Methodology: How a Pre-Trade Analysis Is Computed

Frequently asked questions

How much does it cost to buy $10,000 of Empire State Realty Trust, Inc. Class A?

PreTrAIde estimates about $44.66 (44.7 bps) for a $10,000 market order in Empire State Realty Trust, Inc. Class A: $30.75 of half-spread and $13.91 of market impact, before any broker commission.

Is Empire State Realty Trust, Inc. Class A a liquid stock?

Empire State Realty Trust, Inc. Class A trades about $23.5M a day, in the thin liquidity tier of PreTrAIde's model, with an estimated quoted spread of 61.4 bps.

How volatile is Empire State Realty Trust, Inc. Class A?

Its daily volatility is about 1.07% (moderate). The 1-day 95% value at risk on a $10,000 position is about $176.

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Educational content, not investment advice. PreTrAIde is analysis software, not a broker: it never executes orders, and its verdicts are decision support, not recommendations to buy or sell.