1013020025

Acquired: December 19, 2019, $115 million

Debt: April 08, 2024, $185 million

Transactions:

• Navigation Capital Group borrowed $185 million from Kriss Capital for 135 East 47th Street, Midtown East, Manhattan on April 08, 2024.

• New Empire Corp. borrowed $156.2 million from Fortress Investment Group for 131-141 East 47th Street, Midtown East, Manhattan on June 16, 2022.

• New Empire Corp. sold 131 East 47th Street, Grand Central, Manhattan for $115 million to Hopson Development Holdings on December 19, 2019.

• Hopson Development Holdings borrowed $50 million from Emerald Creek Capital for 131 East 47th Street, Grand Central, Manhattan on December 19, 2019.

Development:

• New Empire Corp. filed new building job 121190567 for 151,836 sqft R-2 building with 137 apartments in Midtown East, Manhattan, on March 28, 2016.

• Michael Trachtenberg filed major alteration job 110184791 for 120,446 sqft J-1 building with 0 apartments in Midtown East, Manhattan, on May 30, 2008.

• Milivoj Sofranin filed alteration job M01065248 for building in Midtown East, Manhattan, on June 12, 2024.

• Chaolun Zhu filed alteration job M00902985 for 1 sqft building with 191 apartments in Midtown East, Manhattan, on July 12, 2023.

• Chaolun Zhu filed alteration job M00885276 for 500 sqft building with 0 apartments in Midtown East, Manhattan, on June 07, 2023.

• Chaolun Zhu filed alteration job M00854242 for 10,000 sqft R-2 building with 191 apartments in Midtown East, Manhattan, on April 05, 2023.

• Niall Gillespie filed alteration job M00816912 for 100 sqft building with 191 apartments in Midtown East, Manhattan, on January 23, 2023.

Litigation:

• Bently Zhao filed a $1.5 million lawsuit against Hopson Development Holdings on April 20, 2021,seeking a money judgmentat 135 East 47Th Street.

• Bently Zhao filed a $1.5 million lawsuit against Hopson Development Holdings on April 20, 2021,seeking a money judgmentat 135 East 47Th Street.

• Bently Zhao filed a $1.5 million lawsuit against Hopson Development Holdings on April 20, 2021,seeking a money judgmentat 135 East 47Th Street.

• Bently Zhao filed a $1.5 million lawsuit against Hopson Development Holdings on April 20, 2021,seeking a money judgmentat 135 East 47Th Street.

• Bently Zhao filed a $1.5 million lawsuit against Hopson Development Holdings on April 20, 2021,seeking a money judgmentat 135 East 47Th Street.

Latest Stories:

• Navigation Capital Group signs $185M refi loan with Kriss Capital for residential elevator in Midtown East (April 09, 2024)

• New Empire signs $156.2M construction loan with Fortress for 137-unit development in Midtown East (June 17, 2022)

• Hong Kong-based Hopson Development Holdings pays $115M to New Empire Real Estate for development site in Grand Central (December 20, 2019)

• Hong Kong-based Hopson Development Holdings borrows $50M from Emerald Creek Capital for development site in Grand Central (December 20, 2019)