Bentley Shang 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%
1141th largest portfolio by dollar value
208,376 sqft – elevator 35.0%, D6 23.0%;
1143th largest by SF
20 properties – Brooklyn 50%, Queens 25%
137th largest
454 residential units – Queens 57.0%, Manhattan 31.0%
401th largest by residential units
Person Activity past 24 months:
Buyer signatory: 1 for $2.1 million
Seller signatory: 0 for $0
Borrower signatory: 1 for $54 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Chao Qiang Yuan (1), Steven Neuman (1), Columbia Capital (1), Kin Chung Lam (1), Axos Bank (1)
Top Ten Associated People:
Chao Qiang Yuan (1), Steven Neuman (1), Rudolf Kats (1), Kin Chung Lam (1), Thomas Constantine (1)
Recent activity as signatory:
• New Empire Corp. borrowed $54 million from Axos Bank for 24-01 Queens Plaza North and 41-43 24th Street, Long Island City, Queens on July 30, 2024.
• Kin Chung Lam sold 265 4th Avenue, Park Slope, Brooklyn for $2.1 million to New Empire Corp. on March 14, 2023.
• New Empire Corp. borrowed $10 million from Columbia Capital for 765 Flatbush Avenue, 21 Lenox Road, 757 Flatbush Avenue, 763 Flatbush Avenue, and 761 Flatbush Avenue, Flatbush, Brooklyn on November 03, 2022.
• Steven Neuman sold 765 Flatbush Avenue, 21 Lenox Road, 757 Flatbush Avenue, 763 Flatbush Avenue, and 761 Flatbush Avenue, Flatbush, Brooklyn for $18 million to New Empire Corp. on November 03, 2022.
• Chao Qiang Yuan sold 2795 Cropsey Avenue, Gravesend, Brooklyn for $2.2 million to New Empire Corp. on September 07, 2022.
• Bentley Shang Zhao filed plans for new building for 45,579 sqft in Park Slope, Brooklyn, on November 24, 2014.