Elie Fouerti
(Ellie Fouerti, Eli Fouerti)
Co-Founder
Fouerti Realty
(Elie Fouerti)
Owner, Developer
1870 Bath Avenue Brooklyn, NY 11214
Appliances Connection
Fouerti Realty NYC portfolio
$359.8 million -specialty 41%, elevator 32%, mixed-use 8%; Manhattan 59%, Brooklyn 40%*
611th largest portfolio by dollar value
189,998 sqft – elevator 48%, specialty 13%, D3 12%; Brooklyn 67%, Manhattan 32%
1617th largest by SF
16 properties – Manhattan 56%, Brooklyn 43%
626th largest
534 residential units – Brooklyn 58%, Manhattan 41%
575th largest by residential units
Notes
Robert Saffayeh and Gabriel Saffayeh often partner with Elie Fouerti.
Person Activity past 24 months:
Buyer signatory: 3 for $33.8 million
Borrower signatory: 5 for $230.2 million
Developer (new building or major alteration): 12 for 22,951 square feet
Top Ten Associated Companies:
Popular Bank (3), Downtown Capital Partners (3), Goldman Sachs (2), Downtown Capital (2), Valley National Bank (2), Gulbahar Epstein (2), Corlears School (1), Rybak Development (1)
Top Ten Associated People:
Gary M. Katz (5), Gulbahar Epstein (2), David Egolf (1), Travis Schelhorn (1), Mikhail Litt (1), Michael T. Seeley (1)
Recent activity as signatory:
• Corlears School sold Corlears school for $19 million to Saffayeh Group and Fouerti Realty on May 04, 2026.
• Gulbahar Epstein sold 2123 Avenue V for $5.9 million to Fouerti Realty on March 20, 2026.
• Gulbahar Epstein sold 2111 Avenue V for $8.9 million to Fouerti Realty on March 20, 2026.
• Elie Fouerti borrowed $19 million from Popular Bank for 215 East 83 Street on February 03, 2026.
• Vacheslav Faybyshev, Elie Fouerti, Ibrahim Fouerti, Robert Saffayeh and Gabriel Saffayeh borrowed $22.5 million from Valley National Bank for 1477 3 Avenue on November 25, 2025.
• Ellie Fouerti filed plans for new building for 20,447 sqft in Sheepshead Bay, Brooklyn, on June 05, 2025.
• Elie Fouerti borrowed $74.8 million from Goldman Sachs for 2969 Shell Road on February 24, 2025.
• Elie Fouerti borrowed $97 million from Goldman Sachs for None on June 18, 2024.
• Omni Build and Elie Fouerti borrowed $17 million from Valley National Bank for 236 13 Street on June 10, 2024.
• Rybak Development sold 333 East 82nd Street, Yorkville, Manhattan for $2.8 million to Eli Fouerti on October 30, 2023.
Latest Stories:
• Saffayeh, Fouerti in contract to pay $19M for Chelsea school building (April 14, 2026)
• Fouerti Realty pays $14.77M for two rentals in Sheepshead Bay (March 25, 2026)
• Elie Fouerti signs $74.8M refi for new 189-unit building in Coney Island (February 28, 2025)
• Elie Fouerti signs $97M construction loan for 209-unit development in East Harlem (June 28, 2024)
• Elie Fouerti pays $8.8M to Kano Real Estate for dev site in Yorkville (January 03, 2024)
• Elie Fouerti files demo plans to make way for 225-unit East Harlem project (April 21, 2023)
• Kano Real Estate pays $8.5M for retail in Yorkville (August 01, 2022)