NEW YORK | 10 E. 30th ST | FT | FLOORS

[NYguy]

Another parking lot coming down....


https://commercialobserver.com/2026/07/new-empire-corporation-10-east-30th-street-sale/

New Empire Corporation Buys Midtown Parking Garage for $33M





Emily Davis
July 17, 2026

Bentley Zhao’s New Empire Corporation, a New York City-based developer of residential mixed-use buildings, dropped $33.5 million to acquire a Midtown parking garage at 10 East 30th Street, according to a deed filed in property records on Thursday.

The purchase, made through the entity Rolls Yacht Tower Management, follows an application filed by the developer last week with the New York City Department of Buildings to demolish the seven-story, 48,500-square-foot garage.

Zhao has yet to disclose his exact plans for the demolition site, but New Empire’s website advertises the address as part of the company’s “Manhattan expansion.”

https://therealdeal.com/new-york/2026/07/17/new-york-top-real-estate-deals-thursday-july-16/

Jul 17, 2026

The top commercial sale to hit records was in NoMad for a parking garage at 10 East 30th Street for about $33.5 million. Aero Park Corporation was the seller, and Royal Yacht Tower Management LLC was the buyer. The building stands eight stories tall with 48,500 square feet. It appears to be part of a larger development site that includes two additional lots with mixed-use properties on them.

[ChiND]

This is great news.

I had hoped that the developer of 277 Fifth would have acquired this eyesore along with the dilapidated townhouses just west of it.

Based on the following quote, I infer that those disgusting townhouses that house rug stores will come down too. (I'll check ACRIS later.)

It appears to be part of a larger development site that includes two additional lots with mixed-use properties on them.

This is a very nice location, so hopefully, something nice will rise here.