Bentley Zhao
(Bentley Shang Zhao)
New Empire Corp.
(New Empire Development Group, New Empire Capital Partners)
570 Lexington Ave, suite 2000A, New York, NY 10022
4918 3rd Avenue Brooklyn, NY 11220
New Empire Corp. NYC portfolio
$426 million -retail 28%, specialty 17%, elevator 12%; Manhattan 38%, Queens 34%, Brooklyn 25%*
512th largest portfolio by dollar value
241,338 sqft – elevator 30%, D6 20%, walkup 17%; Manhattan 51%, Brooklyn 35%, Queens 7%
1382th largest by SF
24 properties – Brooklyn 41%, Manhattan 33%, Queens 20%
431th largest
741 residential units – Brooklyn 46%, Queens 33%, Manhattan 19%
438th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Person Activity past 24 months:
Buyer signatory: 3 for $38 million
Borrower signatory: 3 for $116.6 million
Lender signatory: 1 for $18 million
Developer (new building or major alteration): 30 for 46,945 square feet
Top Ten Associated Companies:
Popular Bank (4), Dean Marchi (3), Speiser Dabran Management (1), Chao Qiang Yuan (1), Steven Neuman (1), Carol Wolfe (1), New Empire Corp. (1), Pacific National Bank (1), Kin Chung Lam (1), Ciampa Organization (1)
Top Ten Associated People:
Dean Marchi (3), Dean Saltzman (2), James Speiser (1), Michael Speiser (1), Chao Qiang Yuan (1), Steven Neuman (1), Carol Wolfe (1), Stephen Palmese (1), Kin Chung Lam (1), Michael D. Morici Jr. (1)
Recent activity as signatory:
• Dean Marchi sold 563 2 Avenue for $12.1 million to New Empire Corp. on December 19, 2025.
• Dean Marchi sold 247 East 31 Street for $17.8 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.
• New Empire Corp. borrowed $42 million from Popular Bank for 431 2 Avenue on September 21, 2023.
• Bentley Zhao filed plans for new building for 144,644 sqft in Flatbush, Brooklyn, on July 18, 2023.
• Bentley Zhao filed plans for new building for 10,239 sqft in Gravesend, Brooklyn, on March 09, 2023.
Latest Stories:
• 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)
• Bentley Zhao’s New Empire Corp. pays $18M for likely dev site in Flatbush (November 04, 2022)
• Bentley Zhao’s New Empire files plans for 131-unit project in Woodside (September 26, 2022)