Fred Ohebshalom (born 1952) is an American real estate developer and founder of Empire Management.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 Clinic"
Spring 2009

Biography

Ohebshalom was born to an

Iranian Jewish Persian Jews or Iranian Jews ( fa, یهودیان ایرانی, ''yahudiān-e-Irāni''; he, יהודים פרסים ''Yəhūdīm Parsīm'') are the descendants of Jews who were historically associated with the Persian Empire, whose successor s ...

familyNew York Post: "COPS BARGE IN ON BAD LANDLORD" By Brad Hamilton
October 23, 2005Columbia Spectator: "Tenants Allege Intimidation" By Sara Vogel
October 3, 2006 in

Tehran, Iran Tehran (; fa, تهران ) is the largest city in Tehran Province and the capital of Iran. With a population of around 9 million in the city and around 16 million in the larger metropolitan area of Greater Tehran, Tehran is the most pop ...

. In 1964, he emigrated to the United States where he graduated with a B.A. in Business Administration from

Pace University Pace University is a private university with its main campus in New York City and secondary campuses in Westchester County, New York. It was established in 1906 by the brothers Homer St. Clair Pace and Charles A. Pace as a business school. Pace ...

. In 1975, he purchased his first building in

Rego Park, Queens Rego Park is a neighborhood in the borough of Queens in New York City. Rego Park is bordered to the north by Elmhurst and Corona, to the east and south by Forest Hills, and to the west by Middle Village. Rego Park's boundaries include Queens ...

. 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.The Real Deal: "54-story luxury rental planned for 111 Washington in FiDi" By Adam Pincus
July 15, 2011 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."

Philanthropy

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

Hebrew Immigrant Aid Society HIAS (founded as the Hebrew Immigrant Aid Society) is a Jewish American nonprofit organization that provides humanitarian aid and assistance to refugees. It was originally established in 1881 to aid Jewish refugees. In 1975, the State Departm ...

. He is a benefactor of the Parviz Ohebshalom Cancer Pain and Palliative Medicine Clinic at

Shaare Zedek Medical Center The Shaare Zedek Medical Center ( he, מרכז רפואי שערי צדק, ''Merkaz Refu'i Sha'arei Tzedek'') (lit. "Gates of Justice") is a large teaching hospital in Jerusalem established in 1902, It affiliated with Hebrew University of Jerusal ...

Jerusalem Jerusalem (; he, יְרוּשָׁלַיִם ; ar, القُدس ) (combining the Biblical and common usage Arabic names); grc, Ἱερουσαλήμ/Ἰεροσόλυμα, Hierousalḗm/Hierosóluma; hy, Երուսաղեմ, Erusałēm. i ...

(named in honor of his brother) and Meir Panim which is dedicated to feeding hungry Israelis.Meir Panin Organization: "Iranian Jewish Community Gathers to Support Meir Panim"
January 25, 2012 He was an early founder of the Beth Hadassah Synagogue in

Great Neck, New York Great Neck is a region on Long Island, New York, that covers a peninsula on the North Shore and includes nine villages, among them Great Neck, Great Neck Estates, Great Neck Plaza, Kings Point, and Russell Gardens, and a number of unincorpo ...

Personal life

Ohebshalom lives in

Kings Point, New York Kings Point is a village located on the Great Neck Peninsula in the Town of North Hempstead in Nassau County, on the North Shore of Long Island, in New York, United States. The population was 5,005 at the 2010 census. History The Village of Ki ...

with his wife Yvonne; they have four children: Richard, Sandy, Alex and Stephanie. His son Alexander serves as Vice President at Empire Management.The Real Deal: "Fear and lending in New York: With regulators on their backs, banks get too timid" By Adam Pincus
April 02, 2012 His son Richard is also the CEO and Founder of the real estate development firm, Pink Stone Capital. His brother Nadir is President of residential and commercial property management company Gatsby Enterprises. Real estate developer Ben Shaoul interned with his company.

References

{{DEFAULTSORT:Ohebshalom, Fred 1952 births Jewish American philanthropists American people of Iranian-Jewish descent American real estate businesspeople Pace University alumni Iranian Jews Living people People from Kings Point, New York Philanthropists from New York (state) 21st-century American Jews People from Tehran Iranian emigrants to the United States