<P> As of 2014 the building is owned by the Empire State Realty Trust with Anthony Malkin as Chairman, CEO, and President . Details on the trust's profits are scarce, but it gained significantly more revenue from tourism than from leasing the office space in 2011 . In August 2016, the Qatar Investment Authority (QIA) gained a 10% share in the Empire State Building through a $622 million investment to the Empire State Realty Trust . The trust's president John Kessler called it an "endorsement of the company's irreplaceable assets". The investment has been described as "an unusual move for a sovereign wealth fund", as they typically buy direct stakes in buildings rather than real estate companies . Other foreign entities that have a stake in the Empire State Building include investors from Norway, Japan, and Australia . </P> <P> The Empire State Building rises to 1,250 ft (381 m) at the 102nd floor, and including the 203 ft (61.9 m) pinnacle, its full height reaches 1,453 feet 8 ⁄ inches (443.092 m). At that distance, the tower is visible from the ocean up to 50 miles (80 km) away, from upstate up to 70 miles (110 km) away, and from an airplane up to 100 miles (160 km) away . </P> <P> The building has 85 stories of commercial and office space representing 2,158,000 sq ft (200,500 m) of rentable space . It has an indoor and outdoor observation deck on the 86th floor, the highest floor within the actual tower . The remaining 16 stories represent the Art Deco spire, which is capped by a 102nd - floor observatory . The spire is hollow, and there are no floors between levels 86 and 102 . Atop the tower is the 203 ft (61.9 m) pinnacle, much of which is covered by broadcast antennas, with a lightning rod at the very top . </P> <P> The Empire State Building cost $40,948,900 to build, including demolition of the Waldorf - Astoria (equivalent to $644,878,000 in 2016). This was lower than the $60 million budgeted for construction . Official fact sheets cite building statistics thusly: an ascent of 1,860 steps from the first to the 102nd floor; a weight of 365,000 short tons (331,122 t); a volume of 37,000,000 cubic feet (1,000,000 m); and an exterior with 200,000 cubic feet (5,700 m) of limestone and granite, along with ten million bricks and 370 short tons (330 long tons) of steel . Other oft - cited statistics include 1,172 miles (1,886 km) of elevator cable and 2,000,000 feet (609,600 m) of electrical wires, as well as capacity for 20,000 tenants and 15,000 visitors . </P>

How many floors is the empire state building observation deck