Hands-on real estate experience
and capital market expertise.
Commercial Real Estate
Empire professionals have structured complex real estate investments and joint ventures establishing a strong track record across multiple asset classes. Empire’s approach targets both income-producing and opportunistic assets in New York City, both independently and as participants in joint venture opportunities.
Strategy
Income Producing Opportunities
Empire invests in income-producing assets with the following characteristics:
- High-Quality/Creditworthy Tenancy
- Future Conversion or Repositioning Potential
- Sale-Leaseback Arrangements
- Transitioning submarkets with statistical and circumstantial evidence suggesting significant growth
- Assets with inefficient management requiring new leasing strategies, active management, physical capital improvements, and opportunities to renegotiate undervalued leases
- Unique architectural features or historical significance
Value-Add Opportunities
Unlocking value
Empire also executes conversions and repositioning projects to realize the highest and best use of an asset, including:
- Opportunities to bifurcate mixed-use assets to sell the retail, residential or office components in separate transactions while retaining others at a reduced basis
- Distressed assets requiring an expedited sale due to external circumstances
- Acquisition of existing assets for conversion below replacement cost
- Repositioning existing assets to realize highest and best use
- Development assemblage opportunities (simultaneous transactions with multiple owners of adjacent lots)
- Acquisition of loans
Acquisition Criteria
Target Markets
Empire Capital Holdings pursues investment opportunities in the following markets:
- Manhattan (primary)
- Brooklyn
- Queens
- Long Island
- Greater NYC and other “top-tier” markets on a case-by-case basis
Asset Classes
- Office
- Residential
- Retail
- Shopping Centers
- Retail Condominiums
- Flagship Retail Locations
- Residential
- Multifamily Rental
- Condominium Conversions
- Hotels
- Mixed Use Assets
Additionally, the firm seeks the following competitive advantages and unique features:
- Architecturally or Historically Significant Buildings
- Corner Lots
- Elevator Buildings
- Cast-Iron Buildings
- Cobblestone Blocks
- Streets with two-way traffic
- Close proximity to transportation
- High ceilings
- Potential for signage
- Close proximity and/or views of public parks
- Water views
- Portfolio Acquisitions
- Government RFPs