124:. He built the company by focusing on purchasing modest-size rental buildings in Manhattan. As of 2014, he owns over 100 apartment buildings in Manhattan. In 2011, he made a foray into large scale development with the purchase of 111 Washington Street in the Financial District for $ 50 million after the owner defaulted; three years later, thanks to a boom in financial district real estate, it was listed for sale at $ 260 million. He now plans to build a 54-story tower on the site. Although he has been criticized for raising the rent after rent stabilized tenants move out, New York State law allows a 17-20% increase to rent if a rent stabilized tenant vacates. In 2011, 357 West 45th Street, a property owned by Ladera Partners, LLC, a company owned by the Ohebshalom family, was foreclosed upon; in 2012, Ladera sought the subsequent sale of the property to be vacated and the property returned to their ownership. The request was denied due to the fact that "Ladera defaulted on its mortgage in early 2010...Ladera failed to pay taxes and failed to maintain the building, allowing serious conditions of disrepair to develop in occupied residential buildings."
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with his wife Yvonne; they have four children: Richard, Sandy, Alex and
Stephanie. His son Alexander serves as Vice President at Empire Management. His son Richard is also the CEO and Founder of the real estate development firm, Pink Stone Capital. His brother Nader is President of residential and
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American
Committee for Shaare Zadek Medical Center in Jerusalem: "Nader and Jeanette Ohebshalom (Kings Point, NY) and Fred and Yvonne Ohebshalom (Kings Point, NY) - Newest Gift: $ 260,000 to Name The Parviz Ohebshalom Cancer Pain and Palliative Medicine
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Ohebshalom sits on the boards of the
Iranian American Jewish Committee and of the Bet Hadassah Iranian Jewish Center. He has also served as president of the Sephardic Heritage Alliance and represents the Iranian community on the board of the
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The Real Deal: "Fear and lending in New York: With regulators on their backs, banks get too timid" By Adam Pincus
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Long Island Real Estate: "FiDi development site hits market for $ 260 million" by Angela Hunt
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New York Times: "LONG ISLAND JOURNAL; Circling the
Welcome Wagons" By MARCELLE S. FISCHLER
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The Real Deal: "54-story luxury rental planned for 111 Washington in FiDi" By Adam Pincus
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Queens
Chronicle: "Middle Village City Block Dies A Slow Death: Why" by Austin Considine
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100:(born 1952) is an American real estate developer and founder of Empire Management.
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Crain's New York: "Downtown lot hits market at a princely $ 260M" By Daniel Geiger
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Meir Panin
Organization: "Iranian Jewish Community Gathers to Support Meir Panim"
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commercial property management company Gatsby
Enterprises. Real estate developer
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Voz Iz Neias: "New York, NY - Shalom
Organization Accused of Illegal Evictions"
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New York Yimby: "Vertical
Potential: 111 Washington Street" by Nikolai Fedak
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New York Times: "For Rental
Buildings, A Rising Market" By ALAN S. OSER
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Columbia Spectator: "Tenants Allege Intimidation" By Sara Vogel
391:"View Case: WEST 45th ST. VENTURE LLC v. LADERA PARTNERS, LLC"
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Columbia Spectator: "110th St residents Disgruntled"
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Beth Hadassah Synagogue: "History of Beth Hadassah"
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16:American real estate developer (born 1952)
543:American people of Iranian-Jewish descent
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588:Iranian emigrants to the United States
548:American businesspeople in real estate
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568:People from Kings Point, New York
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135:Hebrew Immigrant Aid Society
75:Founder of Empire Management
166:interned with his company.
139:Shaare Zedek Medical Center
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583:Businesspeople from Tehran
578:21st-century American Jews
108:Ohebshalom was born to an
538:American philanthropists
271:www.empiremanagement.com
476:retrieved July 19, 2014
317:retrieved July 18, 2014
553:Pace University alumni
500:"He Takes the Village"
206:July 28, 2014, at the
159:Kings Point, New York
67:Real estate developer
157:Ohebshalom lives in
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267:"Empire Management"
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210:Spring 2009
45:Nationality
527:Categories
400:August 28,
395:Leagle.com
170:References
164:Ben Shaoul
112:family in
64:Occupation
425:August 7,
231:August 7,
143:Jerusalem
104:Biography
53:Education
511:July 12,
458:Archived
204:Archived
88:Children
48:American
201:Clinic"
80:Spouse
513:2014
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278:2016
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59:(BA)
31:Born
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