http://www.sec.gov/Archives/edgar/data/32776/000003277601500018/esbam14a.txt
page 96
(a) To reflect purchase of the Fee Title on June 30, 2001 at a cost of $57,500,000, plus expenses of $160,000. The acquisition cost of $57,660,000, together with the unamortized cost of the leasehold on the Empire State Building of $2,397,404, is assumed to have an allocable value of 80% attributable to building and 20% attributable to land. This results in the following allocation: Building $48,045,923 Land 12,011,481 $60,057,404