431 2 Avenue
Kips Bay, Manhattan
Parcel ID (BBL): 1009050030
Owner: New Empire Corp.
Acquired: August 31, 2021, $14.8 million
Debt: October 11, 2023, $42 million
Built: 2023
SF: 17,823
Dwelling units: 59
No. of buildings: 1
Class: Fireproof (Standard Construction Without Stores) (D3)
Floors: 12
Legacy BBLs: 1009050030
Transactions:
• Company sold 429 2nd Avenue, 250 East 25th Street, 250 East 25th Street, 250 East 25th Street, 250 East 25th Street, and others, Kips Bay, Manhattan for $0 to company on March 12, 2025.
• New Empire Corp. borrowed $42 million from Popular Bank for 429 2nd Avenue, 433 2nd Avenue, and 437 2nd Avenue, Kips Bay, Manhattan on October 11, 2023.
• Company sold 429 2nd Avenue, 433 2nd Avenue, and 437 2nd Avenue, Kips Bay, Manhattan for $0 to company on February 17, 2022.
• New Empire Corp. borrowed $7.4 million from Popular Bank for 429 Second Avenue, 433 Second Avenue, and 437 Second Avenue, Kips Bay, Manhattan on August 31, 2021.
• Speiser Dabran Management sold 429 Second Avenue, 433 Second Avenue, and 437 Second Avenue, Kips Bay, Manhattan for $14.8 million to New Empire Corp. on August 31, 2021.
Development:
• Bentley Zhao filed plans for SC in Kips Bay, Manhattan, on October 30, 2024.
• Bentley Zhao filed plans for alteration in Kips Bay, Manhattan, on March 08, 2024.
• Bentley Zhao filed plans for alteration in Kips Bay, Manhattan, on March 07, 2024.
• Bentley Zhao filed plans for alteration in Kips Bay, Manhattan, on January 29, 2024.
• Bentley Zhao filed plans for alteration in Kips Bay, Manhattan, on December 12, 2023.
Most recent Zoning Diagram (ZD1)
Violations:
According to city public data, the properties have received $2,500 in ECB penalties and $5,375 in OATH penalties in the last year.