Bentley Zhao’s firm bought Flatbush Avenue and Lenox Road sites for $18M New York / October 27, 2022 03:51 PM By Keith Larsen UPDATED, Oct. 28, 2022, 10:32 a.m.: Bentley Zhao’s New Empire Corp. is planning to build a new luxury condo project on a commercial strip in Flatbush. The development firm bought neighboring sites at 757-767 Flatbush Avenue and 21 Lenox Road for $18 million, according to the company. The existing buildings will be demolished. The plans have yet to be f

By Julian Nazar – Staff Reporter, New York Business Journal Oct 28, 2022 Updated Oct 28, 2022, 2:35pm EDT New York City developer New Empire Corp. has just acquired two neighboring development sites in Brooklyn. One is located at 757-767 Flatbush Avenue while the other is at 21 Lenox Road. Both sites are in Flatbush and total between them about 38,000 square feet. The existing structures at these locations will be demolished. The new mixed-use building will feature ground-f

Sales: Bentley Zhao-led firm buys Flatbush development sites, plans condo and retail project Addresses: 757-767 Flatbush Ave. and 21 Lenox Road Seller: 757 Flatbush LLC and 21 Lenox Realty LLC Buyer: New Empire Corp. Sales price: $18 million Asset type: Office and transportation https://www.crainsnewyork.com/real-estate/nyc-deals-day-oct-28-2022

New Empire Corp. (NEC), a cutting-edge New York City development and construction management firm, recently closed on the acquisition of neighboring sites for development in Flatbush, Brooklyn. Acquired for $18 million, the lots are located at 757-767 Flatbush Avenue and 21 Lenox Road and total 37,793 square feet (sqft) combined. The existing structures at both 757-767 Flatbush Avenue and 21 Lenox Road will be demolished to make way for a new mixed-use development. The design

MANN PUBLICATIONS New Empire Corp. (NEC) recently announced that nearly all condominium units are sold at their new development, 567 Ocean. Since hitting the market in the summer of 2020, 107 units are sold with only one townhouse unit still available. The marketing and sales, which led Brooklyn as the #1 selling building in 2021, have been overseen by Michael Bethoney of Nest Seekers since March 2021. 567 Ocean is an optimally located, one-of-a-kind luxury residential develo