New Empire Corp.
(New Empire Capital Partners, New Empire Development Group)
Developer, Owner
570 Lexington Ave, suite 2000A, New York, NY 10022
4918 3rd Avenue Brooklyn, NY 11220
People:
New Empire Corp. NYC portfolio
$477.3 million -retail 25%, specialty 15%, industrial 13%; Manhattan 41%, Queens 31%, Brooklyn 26%*
470th largest portfolio by dollar value
289,838 sqft – industrial 26%, elevator 25%, D6 16%; Manhattan 59%, Brooklyn 29%, Staten Island 5%
1223th largest by SF
25 properties – Brooklyn 40%, Manhattan 36%, Queens 20%
417th largest
741 residential units – Brooklyn 46%, Queens 33%, Manhattan 19%
431th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Company Activity past 24 months:
Buyer company: 4 for $71.5 million
Borrower company: 5 for $152.9 million
Developer (new building or major alteration): 1 for 128,000 square feet
Top Ten Associated Companies:
Popular Bank (5), Axos Bank (2), Susanna Shao (1), Columbia Capital (1), Emerald Creek Capital (1), Pacific National Bank (1), Stearns Bank (1), Fortress Investment Group (1), MidFirst Bank (1), Hopson Development Holdings (1)
Top Ten Associated People:
Dean Saltzman (2), Susanna Shao (1), Rudolf Kats (1), Katie Peterson (1), Constantine M. Dakolias (1), James Lim (1), Thomas Constantine (1), Bentley Zhao (1), David Speiser (1)
Recent activity as company:
• Kevin R. Wolf sold None for $33.5 million to New Empire Corp. on July 01, 2026.
• New Empire Corp. borrowed $20.1 million from Ponce Bank for None on July 01, 2026.
• New Empire Corp. borrowed $52.2 million from Madison Realty Capital for 23 Lenox Road on June 18, 2026.
• Dean Marchi sold 247 East 31 Street for $17.8 million to New Empire Corp. on December 19, 2025.
• Dean Marchi sold 563 2 Avenue for $12.1 million to New Empire Corp. on December 19, 2025.
• Dean Marchi sold 569 2 Avenue for $8.1 million to New Empire Corp. on December 19, 2025.
• New Empire Corp. borrowed $24.6 million from Emerald Creek Capital for 247 East 31 Street on December 19, 2025.
• New Empire Corp. borrowed $38 million from Popular Bank for 58-01 Queens Boulevard on November 21, 2025.
• New Empire Corp. borrowed $18 million from Integritas Capital for 58-01 Queens Boulevard on February 21, 2025.
• New Empire Corp. borrowed $54 million from Axos Bank for 41-43 24 Street on July 18, 2024.
• New Empire Corp. borrowed $42 million from Popular Bank for 431 2 Avenue on September 21, 2023.
• New Empire Corp. for Bentley Zhao filed plans for new building for 144,644 sqft in Flatbush, Brooklyn, on July 18, 2023.
• New Empire Corp. for Bentley Zhao filed plans for new building for 10,239 sqft in Gravesend, Brooklyn, on March 09, 2023.
• New Empire Corp. borrowed $5.8 million from MidFirst Bank for 265 4 Avenue on February 14, 2023.
• Kin Chung Lam sold 265 4 Avenue for $2.1 million to New Empire Corp. on February 14, 2023.
• New Empire Corp. borrowed $10 million from Columbia Capital for 767 Flatbush Avenue on October 24, 2022.
• Steven Neuman sold 767 Flatbush Avenue for $18 million to New Empire Corp. on October 24, 2022.
• Chao Qiang Yuan sold 2795 Cropsey Avenue for $2.2 million to New Empire Corp. on August 05, 2022.
• New Empire Corp. for Bentley Zhao filed plans for new building for 118,712 sqft in Long Island City, Queens, on June 23, 2022.
• New Empire Corp. borrowed $8.1 million from Stearns Bank for 58-01 Queens Boulevard on June 17, 2022.
Latest Stories:
• New Empire Corp. pays $33.5M for dev site in NoMad (July 17, 2026)
• New Empire Corp. pays $38M to Marchi family for dev site in Kips Bay (January 06, 2026)
• New Empire signs $18M refi with Integritas for new condo project in Woodside (March 20, 2025)
• New Empire Corp. signs $54M construction loan for 117-unit LIC development (July 31, 2024)
• New Empire files plans for 132-unit project in Flatbush (August 01, 2023)
• New Empire Corp. submits $85.9M condo plan in Kips Bay (April 26, 2023)
Court Records:
Properties: