Bentley Zhao
New Empire Corp.
New Empire Corp. portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$37.1 million – specialty 40.0%, retail 22.0%; Manhattan 60.0%, Brooklyn 18.0%
1142th largest portfolio by dollar value
208,376 sqft – elevator 35.0%, D6 23.0%;
1149th largest by SF
20 properties – Brooklyn 50%, Queens 25%
138th largest
454 residential units – Queens 57.0%, Manhattan 31.0%
398th largest by residential units
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 2 for $47.8 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 2 for 154,883 square feet
Top Ten Associated Companies:
Popular Bank (3), Carol Wolfe (1), Stearns Bank (1), MidFirst Bank (1), Speiser Dabran Management (1), Ciampa Organization (1), Pacific National Bank (1)
Top Ten Associated People:
Carol Wolfe (1), Katie Peterson (1), James Lim (1), Dean Saltzman (1), James Speiser (1), Michael Speiser (1), Michael D. Morici Jr. (1)
Recent activity as signatory:
• New Empire Corp. borrowed $42 million from Popular Bank for 429 2nd Avenue, 433 2nd Avenue, and 437 2nd Avenue, Kips Bay, Manhattan on October 11, 2023.
• Bentley Zhao filed plans for new building for 144,644 sqft in Flatbush, Brooklyn, on July 18, 2023.
• New Empire Corp. borrowed $5.8 million from MidFirst Bank for 265 4th Avenue, Park Slope, Brooklyn on March 21, 2023.
• Bentley Zhao filed plans for new building for 10,239 sqft in Gravesend, Brooklyn, on March 09, 2023.
• Bentley Zhao filed plans for demolition in Flatbush, Brooklyn, on January 10, 2023.
• Bentley Zhao filed plans for demolition in Flatbush, Brooklyn, on January 10, 2023.
• Bentley Zhao filed plans for demolition in Flatbush, Brooklyn, on January 10, 2023.
• Bentley Zhao filed plans for demolition in Flatbush, Brooklyn, on January 10, 2023.
• Bentley Zhao filed plans for demolition in Flatbush, Brooklyn, on January 10, 2023.
• Bentley Zhao filed plans for new building for 138,398 sqft in Woodside, Queens, on September 22, 2022.
Latest Stories:
• New Empire Corp. signs $54M construction loan for 117-unit LIC development (July 31, 2024)
• New Empire Corp. submits $85.9M condo plan in Kips Bay (April 26, 2023)
• Bentley Zhao’s New Empire files plans for 131-unit project in Woodside (September 26, 2022)
• New Empire Corp. pays $16.2M for two properties in Woodside (July 26, 2022)
• New Empire Corp. pays $14.8M for development site in Kips Bay (September 01, 2021)