The Real Deal New York

Ohebshaloms’ Sky Management files for 139-unit Yorkville project

The 22-story apartment building on East 86th St. would span 107K sf
By Miriam Hall | April 05, 2017 05:45PM

Ben Ohebshalom and 511 East 86th Street

Sky Management, led by brothers Ben and and Jonathan Ohebshalom, is planning a 139-unit residential building in Yorkville, according to a permit application filed with the city Wednesday.

In total, the building at 511 East 86th Street would span just over 107,000 square feet, the filing shows, and would also feature 5,000 square feet of retail space with frontage on both York Avenue and East 86th Street.

In 2007, the Ohebshaloms paid $2.7 million for the eight-unit walk-up that’s on the lot.

Sky Management owns and manages several rental properties in the city, including a 82-unit building at 501 East 74th Street. Last year, Rose Associates sued Sky Management in federal court for naming the building “Rose Modern,” claiming the moniker infringed on the company’s trademark.

The Ohebshaloms are the nephews of Fred Ohebshalom, founder of Empire Management. Fred Ohebshalom is being sued by his son, Richard, who contends his father tried to sell their property at 111 Washington Street for less than its worth. He also alleges the elder Ohebshalom drained a trust that was set up to hold his son’s stake in eight New York City properties.

Ben Ohebshalom couldn’t be reached, and Jonathan Ohebshalom declined to comment.