Bentley Zhao
(Bentley Shang Zhao, Bentley S. Zhao)
Ceo
Chairman
New Empire Corp.
(New Empire Capital Partners, New Empire Development Group)
570 Lexington Ave, suite 2000A, New York, NY 10022
4918 3rd Avenue Brooklyn, NY 11220
New Empire Corp. NYC portfolio
$477.3 million -retail 25%, specialty 15%, industrial 13%; Manhattan 41%, Queens 31%, Brooklyn 26%*
467th largest portfolio by dollar value
289,838 sqft – industrial 26%, elevator 25%, D6 16%; Manhattan 59%, Brooklyn 29%, Staten Island 5%
1231th largest by SF
25 properties – Brooklyn 40%, Manhattan 36%, Queens 20%
423th largest
741 residential units – Brooklyn 46%, Queens 33%, Manhattan 19%
440th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Other Links:
Person Activity past 24 months:
Buyer signatory: 4 for $71.5 million
Borrower signatory: 5 for $188.9 million
Lender signatory: 1 for $18 million
Developer (new building or major alteration): 31 for 95,445 square feet
Top Ten Associated Companies:
Popular Bank (4), Dean Marchi (3), Ciampa Organization (1), Madison Realty Capital (1), Kevin R. Wolf (1), Ponce Bank (1), Kin Chung Lam (1), Stearns Bank (1), Pacific National Bank (1), Emerald Creek Capital (1)
Top Ten Associated People:
Dean Marchi (3), Dean Saltzman (2), Michael D. Morici Jr. (1), David Speiser (1), Kevin Wolf (1), Kin Chung Lam (1), Katie Peterson (1), James Lim (1), Rudolf Kats (1), Steven Neuman (1)
Recent activity as signatory:
• 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.
• New Empire Corp. borrowed $24.6 million from Emerald Creek Capital for 247 East 31 Street 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 $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.
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)
• Bentley Zhao’s New Empire files plans for 14 units in Gravesend (March 15, 2023)