EMP Capital Group

433 Broadway, 2nd Floor New York, NY 10013

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EMP Capital Group NYC portfolio

$361.6 million* – industrial 54.0%, mixed-use 40.0%; Brooklyn 94.0%, Manhattan 5.0%

468th largest portfolio by dollar value

64,724 sqft – industrial 50%, elevator 28%;

2474th largest by SF

7 properties – Brooklyn 85%, Manhattan 14%

1137th largest

502 residential units – Brooklyn 98%, Manhattan 1%

415th largest by residential units

Company Activity past 24 months:

Buyer company: 2 for $29.2 million

Borrower company: 4 for $261.5 million

Developer (new building or major alteration): 1 for 26,890 square feet

Top Ten Associated Companies:

QuadReal Property Group (2), Cheung Ming Lee (1), Yoel Teitelbaum (1), Nikolaos Nikolaidis (1), Investment Property Exchange Services (1), Ready Capital (1), Dime Community Bank (1), OakNorth Bank (1), Iqbal Hussain (1), Joseph Danzger (1)

Top Ten Associated People:

Paul Stern (2), Cheung Ming Lee (1), Nikolaos Nikolaidis (1), Melissa Perez (1), Robert Pearce (1), Iqbal Hussain (1), Joseph Danzger (1), Lisa Schiff (1)

Recent activity as company:

Iqbal Hussain sold 1001 Pacific Street, Crown Heights, Brooklyn for $3.6 million to EMP Capital Group on February 26, 2025.

EMP Capital Group borrowed $110 million from QuadReal Property Group for 870-888 Atlantic Avenue, Prospect Heights, Brooklyn on May 13, 2024.

EMP Capital Group borrowed $35 million from OakNorth Bank for 985 Pacific Street, Crown Heights, Brooklyn on January 30, 2024.

EMP Capital Group borrowed $109 million from QuadReal Property Group for 1035 Pacific Street and 1034-1042 Atlantic Avenue, Crown Heights, Brooklyn on January 10, 2024.

EMP Capital Group borrowed $7.5 million from Investment Property Exchange Services for 870-878 Atlantic Avenue and 888 Atlantic Avenue, Prospect Heights, Brooklyn on November 22, 2023.

• Yoel Teitelbaum and Nikolaos Nikolaidis sold 870-878 Atlantic Avenue and 888 Atlantic Avenue, Prospect Heights, Brooklyn for $25.6 million to EMP Capital Group on November 22, 2023.

EMP Capital Group for Elie Pariente filed plans for new building for 26,890 sqft in Crown Heights, Brooklyn, on May 17, 2023.

EMP Capital Group borrowed $21.5 million from Dime Community Bank for 985 Pacific Street, Crown Heights, Brooklyn on April 18, 2022.

EMP Capital Group for Elie Pariente filed plans for new building for 213,850 sqft in Crown Heights, Brooklyn, on April 14, 2022.

Cheung Ming Lee sold 1035 Pacific Street and 1034-1042 Atlantic Avenue, Crown Heights, Brooklyn for $14 million to EMP Capital Group on April 12, 2022.

Latest Stories:

• EMP Capital Group pays $3.6M for dev site in Crown Heights (February 27, 2025)

• EMP Capital signs $110M construction loan with QuadReal for 246-unit project in Prospect Heights (May 14, 2024)

• EMP Capital signs $35M refi with UK bank for newly built 69-unit rental in Crown Heights (January 31, 2024)

• EMP Capital signs $109M construction loan with QuadReal for 193-unit project in Crown Heights (January 11, 2024)

• EMP Capital Group pays $25.6 million for large Prospect Heights development site (November 27, 2023)

• EMP Capital signs $21.5M construction loan with Dime for 69-unit project in Crown Heights (April 19, 2022)

• EMP Capital pays $14M for Crown Heights properties, has 69-unit project on same block (April 13, 2022)

• EMP Capital Group pays $17M to Joseph Danzger for 7-unit elevator with retail in SoHo (February 25, 2022)

• EMP Capital Group files plans for 69-unit mixed-use building in Crown Heights (December 04, 2020)

Properties:

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*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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