Fred Ohebshalom

Empire Management

Owner

Empire Management NYC portfolio

$626.8 million* – elevator 70.0%, H1 17.0%; Manhattan 100.0%, Bronx 0.0%

264th largest portfolio by dollar value

1,238,529 sqft – elevator 80.0%, H1 10.0%;

270th largest by SF

32 properties – Manhattan 100%, Bronx 0%

296th largest

1,019 residential units – Manhattan 100.0%, Bronx 0.0%

230th largest by residential units

7 foreclosures, 1 bankruptcy, 8 other court cases.

Person Activity past 24 months:

Seller signatory: 5 for $92.6 million

Borrower signatory: 5 for $134.2 million

Top Ten Associated Companies:

New York Community Bank (5), Barclays (3), Dime Community Bank (2), Highpoint Property Group (1), Reshape Properties (1), Starman Holdings (1), Derby Copeland Capital (1), Capital One (1), Santander Bank (1), Valley National Bank (1)

Top Ten Associated People:

Adam Scotto (3), Drew Popkin (1), Aziz Kabbaj (1), Jesse Hutcher (1), Matthew P. Cullen (1), Louis Ciniglio (1), Olga Bogrova (1), Charles Przekop (1), Chaim Hager (1), Payman Yadidi (1)

Recent activity as company:

• Empire Management and Gatsby Enterprises sold 244 West 72nd Street, Lincoln Square, Manhattan for $40 million to City Urban Realty on March 06, 2025.

• Empire Management sold 363 7th Avenue, Penn Plaza, Manhattan for $21.3 million to Sioni Group on March 05, 2025.

• Empire Management borrowed $25.5 million from Barclays for 640 Ft Washington Avenue, 660 Ft Washington Avenue, and 615 Ft Washington Avenue, Washington Heights, Manhattan on December 27, 2024.

• Empire Management borrowed $9.6 million from Barclays for 268 Cabrini Boulevard, Washington Heights, Manhattan on August 09, 2024.

• Empire Management, Gatsby Enterprises and Keystone Management borrowed $15 million from Derby Copeland Capital for 244 West 72nd Street, Lincoln Square, Manhattan on August 05, 2024.

• Empire Management sold 418 East 81st Street, Yorkville, Manhattan for $4.3 million to company on July 09, 2024.

• Empire Management sold 208-210 West 10th Street, West Village, Manhattan for $19.2 million to Reshape Properties and Starman Holdings on May 16, 2024.

• Empire Management borrowed $0 from Hirshmark Capital for 268-330 Cabrini Boulevard, Washington Heights, Manhattan on March 04, 2024.

• Empire Management borrowed $84.1 million from Barclays for 509 Cathedral Parkway, 515 Cathedral Parkway, 517 West 113thstreet, 664 West 163rd Street, 652 West 163rd Street, and others, Morningside Heights, Manhattan on January 25, 2024.

• Empire Management sold 444 West 48th Street, Hell’s Kitchen, Manhattan for $7.8 million to Chaim Hager on May 05, 2023.