Updated Jul 17, 2026
Bentley Zhao's New Empire Corp Acquires Industrial Property In NoMad Manhattan For $33.5M
10 East 30th Street
$33,500,000
$690/SF
Building Size
48,500 SF
Asset Type
Industrial
Closing
Jul 1, 2026
About this deal
AI
An industrial property located at 10 East 30th Street in the NoMad neighborhood of Manhattan has been sold for a total of $33,500,000. The acquired asset encompasses 48,500 square feet with a price per square foot of $691. Additionally, the building has a combined square footage of 71,590 with a price per usable square foot of $468.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $33,500,000
- Buyer: Bentley Zhao
- Company: New Empire Corp.
- Sale Date: 07/01/2026
- Location: 10 East 30th Street, NoMad, Manhattan
- Square Footage: 48,500
- Price per Square Foot: $691
- Building Square Footage: 71,590
- Price per Building Square Foot: $468
The transaction was completed by Bentley Zhao, who leads New Empire Corp. The acquisition is intended for a ground-up development project at the site, signifying a strategic investment in the NoMad area.
On the Map
$33,500,000
$690/SF
Industrial
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Bonifay Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.47%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93