Fred Ohebshalom

Empire Management

Owner

Empire Management portfolio

(NYC’s “Market Value,” 50% or less of actual value)

$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.

Person Activity past 24 months:

Buyer signatory: 0 for $0

Seller signatory: 3 for $31.3 million

Borrower signatory: 5 for $134.2 million

Lender signatory: 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), Dime Community Bank (2), Hirshmark Capital (1), Santander Bank (1), Oritani Bank (1), Highpoint Property Group (1), Chaim Hager (1), Derby Copeland Capital (1), Reshape Properties (1)

Top Ten Associated People:

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

Recent activity as signatory:

• 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 Managementand Gatsby Enterprisesand 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 Propertiesand 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.

• Empire Management borrowed $30.2 million from Dime Community Bank for 680 West End Avenue, Upper West Side, Manhattan on November 22, 2022.

• Empire Management sold 211 East 31st Street, Kips Bay, Manhattan for $5.2 million to Highpoint Property Group on May 27, 2022.