Empire Management
People:
Empire Management NYC portfolio
$587.2 million -elevator 61%, H1 18%, walkup 13%; Manhattan 98%, Queens 1%*
377th largest portfolio by dollar value
1,515,490 sqft – elevator 71%, office 9%, H1 8%; Manhattan 96%, Queens 3%
323th largest by SF
38 properties – Manhattan 90%, Queens 10%
242th largest
1,168 residential units – Manhattan 100%
280th largest by residential units
8 foreclosures, 1 bankruptcy, 8 other court cases.
Company Activity past 24 months:
Buyer company: 1 for $76.4 million
Seller company: 5 for $161.2 million
Borrower company: 9 for $255.1 million
Developer (new building or major alteration): 1 for 28,323 square feet
Top Ten Associated Companies:
New York Community Bank (5), Barclays (3), Dime Community Bank (2), Stillwater Asset Management (2), Derby Copeland Capital (2), Highpoint Property Group (1), Columbia Pacific Advisors (1), Empire Management (1), Santander Bank (1), Signature Bank (1)
Top Ten Associated People:
Adam Scotto (3), Jesse Hutcher (2), Drew Popkin (1), Matthew P. Cullen (1), Louis Ciniglio (1), Charles Przekop (1), Payman Yadidi (1), Michael Alvandi (1), Marshall Van Smith (1), Aziz Kabbaj (1)
Recent activity as company:
• Empire Management borrowed $21.5 million from Derby Copeland Capital for 222 8 Avenue on April 30, 2026.
• Empire Management borrowed $23.5 million from Wells Fargo for 3 West 36 Street on March 17, 2026.
• Empire Management borrowed $12.5 million from Amalgamated Bank for 347 5 Avenue on February 24, 2026.
• Empire Management borrowed $8.5 million from Lightstone Group for 149-02 95 Avenue on December 29, 2025.
• Empire Management borrowed $49 million from LMF Commercial for 355 3 Avenue on October 08, 2025.
• Empire Management for Joel Weiss filed plans for major alteration for 28,323 sqft in Clinton Hill, Brooklyn, on March 12, 2025.
• Empire Management sold 363 7 Avenue for $21.3 million to Sioni Group on February 26, 2025.
• Empire Management and Gatsby Enterprises sold 248 West 72 Street for $40 million to City Urban Realty on February 20, 2025.
• Empire Management sold 250 Fifth Avenue, 250 Fifth Avenue, and 250 Fifth Avenue, NoMad, Manhattan for $76.4 million to Columbia Pacific Advisors and Empire Management on February 05, 2025.
• Columbia Pacific Advisors and Empire Management borrowed $90 million from FS Investments for 250 Fifth Avenue, 250 Fifth Avenue, and 250 Fifth Avenue, NoMad, Manhattan on February 05, 2025.
Latest Stories:
• Empire Management signs $12.5M refi with Amalgamated for office in Midtown South (March 24, 2026)
• City Urban Realty pays $40M to Ohebshaloms for 88-unit rental in Lincoln Square (March 07, 2025)
• Madison Realty files $81.5M pre-foreclosure at Empire Management hotel in NoMad (August 16, 2024)
Court Records:
Properties: