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