Empire Management

People:

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Empire Management portfolio

$263 million – elevator 74%, walkup 12%; Manhattan 100%, Bronx 0%

218th largest portfolio by dollar value

1,325,679 sqft – elevator 81%, H1 9%;

246th largest by SF

30 properties – Manhattan 100%, Bronx 0%

127th largest

1,107 residential units – Manhattan 100%, Bronx 0%

200th largest by residential units

3 foreclosures, 1 bankruptcy, 8 other court cases.

Company Activity past 24 months:

Buyer company: 0 for $0

Seller company: 3 for $31.3 million

Borrower company: 4 for $119.2 million

Lender company: 0 for $0

Developer (new building or major alteration): 0 for 0 square feet

Top Ten Associated Companies:

New York Community Bank (5), Barclays (3), Stillwater Asset Management (2), Dime Community Bank (2), Hirshmark Capital (1), Santander Bank (1), Oritani Bank (1), Highpoint Property Group (1), Chaim Hager (1), Reshape Properties (1)

Top Ten Associated People:

Adam Scotto (3), Drew Popkin (1), Richard Buckland (1), Louis Ciniglio (1), Chaim Hager (1), Aziz Kabbaj (1), Charles Przekop (1), Thomas Trufelli (1), Matthew P. Cullen (1)

Latest Stories:

• Madison Realty files $81.5M pre-foreclosure at Empire Management hotel in NoMad (August 16, 2024)

• Reshape, Starman Holdings pay $19.2M to Empire Management for 39-unit walkup in West Village (May 17, 2024)

• Hirshmark buys $7.2M note secured by 53-unit building in Washington Heights (March 05, 2024)

• Empire Management signs $84.1M refi with Barclays for six rentals in Manhattan (January 26, 2024)

• Chaim Hager pays $7.8M to Empire Management for 36-unit rental in Hell’s Kitchen (May 08, 2023)

• Courts roundup: 5 pre-foreclosure filings totaling nearly $26M in Manhattan, Bronx, Brooklyn (December 09, 2022)

• Fred Ohebshalom’s Empire Management signs $30.2M refi for 63-unit rental on UWS (November 23, 2022)

• Stillwater buys $12.6M note secured by Empire Management’s Midtown East office building (March 30, 2022)

• Empire Management signs $13.7M refi with Signature Bank for rental in Washington Heights (September 29, 2021)

• Empire Management refis $35.6M with New York Community Bank for rentals in Manhattan (September 28, 2021)

Litigation:

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Properties:

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