Fred Ohebshalom is a distinguished name in New York City's real estate scene. His journey from Tehran to Manhattan is a compelling story of ambition, resilience, and success. This article delves into his life, career, and contributions, highlighting his impact on the urban landscape of New York City.
Quick Facts
| Field | Details |
|---|---|
| Full Name | Fred Ohebshalom |
| Known For | Real Estate Development, Founder of Empire Management |
| Occupation | Real Estate Developer |
| Age (as of 2024) | 72 |
| Date of Birth | 1952 |
| Birthplace | Tehran, Iran |
| Nationality | American |
| net worth (2025) | Estimated at $500 million |
| Spouse | Yvonne Ohebshalom |
| Children | Richard, Sandy, Alex, Stephanie |
| Residence | Kings Point, New York |
Early Life and Migration
Born in Tehran, Iran, in 1952, Fred Ohebshalom's early years were shaped by the rich cultural heritage of his homeland. The political and social upheavals in Iran led his family to migrate to the United States in 1964. Settling in Rego Park, Queens, the Ohebshalom family embarked on a new life filled with challenges and opportunities.
Education and Early Career
Fred attended Pace University, earning a B.A. in Business Administration. This educational foundation paved the way for his future successes in the real estate sector.
Career Highlights
Fred's real estate career spans several decades, marked by savvy acquisitions and innovative developments.
The Beginning of an Empire
Fred's first property purchase was a building in Queens in 1975. This investment marked the beginning of his journey in real estate. He founded Empire Management, which became a significant entity in managing and developing properties, primarily in Manhattan.
Strategic Growth
Fred's portfolio grew to include over 100 apartment buildings by 2014. A notable acquisition was 111 Washington Street, purchased in 2011 for $50 million and developed into a 54-story tower, significantly enhancing the Financial District's skyline.
Financial Insights and Economic Impact
Fred's net worth, as of 2024, stands at an impressive $500 million. His strategic investment in undervalued properties and subsequent developments have not only built his wealth but also contributed to New York City's economic vitality by revitalizing neighborhoods and creating jobs.
Personal Life and Philanthropy
Fred is married to Yvonne Ohebshalom, and they have four children who are involved in various aspects of the business. His philanthropic efforts are extensive, including significant contributions to medical institutions and charities focused on community welfare.
Community Engagement
Fred serves on the boards of the Iranian American Jewish Committee and the Sephardic Heritage Alliance, reflecting his commitment to cultural and community causes.
Legacy and Achievements
Fred Ohebshalom's professional journey is a testament to his visionary approach in real estate. His projects like the development of 111 Washington Street and the expansion of Empire Management highlight his influence in the industry.
Conclusion
Fred Ohebshalom's story from Tehran to New York encapsulates the essence of the American dream. Through his professional endeavors and community involvement, he has made a lasting impact on both the skyline and the social fabric of New York City.
Frequently Asked Questions
Who is Fred Ohebshalom?
Fred Ohebshalom is a prominent real estate developer and the founder of Empire Management, known for his significant impact on Manhattan's real estate landscape.
What is Fred Ohebshalom's net worth?
As of 2024, his net worth is estimated at $500 million, a testament to his success in the real estate industry.
What are some of Fred Ohebshalom's notable achievements?
His major achievements include the development of 111 Washington Street, expansion of his company's property portfolio, and his philanthropic and community contributions.
Where does Fred Ohebshalom reside?
He lives in Kings Point, New York, with his family.
What organizations is Fred Ohebshalom involved with?
He is actively involved with the Iranian American Jewish Committee and the Sephardic Heritage Alliance, among other institutions.
Fred Ohebshalom's remarkable journey offers valuable insights into successful real estate development and the importance of community and philanthropic engagement.
