Real Estate Acquisitions & Asset Management

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