HAP Investments | The Real Deal New York

The Real Deal New York

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HAP Investments

3 East 45th Street
New York, NY 10022
(212) 559-5732
Website
info@hap-ny.com

HAP Investments is a real estate development and investment firm focused on middle-tier residential properties and some commercial spaces. Many of HAPs projects are in Uptown, as well as in East Harlem, but the firm has begun to branch out into the other boroughs and New Jersey. In 2014 HAP acquired $400 million in space in Jerseys Citys Journal Square neighborhood, looking to build a 42-story residential tower. In 2015 HAP branched out into the less-risky affordable housing market in an effort to offset a potential market downturn. HAP also made headlines in 2014 for allowing residents and others to vote on a color scheme for one of the firms East Harlem properties. The firm prides itself on always staking a sizeable portion of its development projects, usually at least one-fifth of the total investment. However, it is not afraid to tap other sources of investment, as it was one of a handful of New York City developers in recent years to tap the Tel Aviv Stock Exchange for capital by launching an initial public offering.


02/05/19
...Josh Zegen and Eran Polack with 4452 Broadway (Credit: HAP Investments) Eran Polack's HAP Investments secured a $52.5 million construction loan for a mixed-use development site...

01/01/19
...Lev Leviev of Africa Israel, Eran Polack of HAP Investments and Asher Zamir of Zamir Equities. The skills needed to turn a rough diamond...

10/05/18
...Cornell Club, 6 East 44th Street. Andrea Lawrence of HAP Investments will be provide a keynote that takes a look at life inside the company...

09/21/18
...and Arthur Becker. Most recently, Eran Polack’s HAP Investments landed $32 million from G4 for its first Tribeca project — a 41-unit condominium — in February...

...and Arthur Becker. Most recently, Eran Polack’s HAP Investments landed $32 million from G4 for its first Tribeca project — a 41-unit condominium — in February...

07/27/18
...Polack (Credit: Google Maps and HAP) Eran Polack's HAP Investments filed plans Thursday for a 41-unit, 19-story condo project in Tribeca. The building will...

06/05/18
...Island City and a 129-unit residential project from HAP Investments in Washington Heights. The list was split between four Brooklyn projects, three Bronx projects...

04/27/18
...stories. An earlier version of this story identified HAP Investments as the buyer of 71 West Street based on information from Real Capital Analytics, but...

04/11/18
...Lev Leviev of Africa Israel, Eran Polack of HAP Investments and Asher Zamir of Zamir Equities. The skills needed to turn a rough diamond...

04/02/18
...Lev Leviev of Africa Israel, Eran Polack of HAP Investments and Asher Zamir of Zamir Equities. The skills needed to turn a rough diamond...

...Lev Leviev of Africa Israel, Eran Polack of HAP Investments and Asher Zamir of Zamir Equities. The skills needed to turn a rough diamond...

02/20/18
...site doesn’t have an asking price. But HAP Investments recently closed on the purchase of a condo development site six blocks up Broadway...

02/16/18
...Rendering of 65 Franklin Street and HAP's Eran Polack HAP Investments has purchased a development site in Tribeca for $46 million, where it is planning to...

01/15/18
...Fi Emporium bought a commercial condo unit at HAP Investments’ 2211 Third Avenue for $10 million. The building is a 108-unit Harlem rental building designed by...

10/31/17
...rendering (credit: DXA Studio via New York YIMBY) HAP Investments scored a $235 million construction loan for its two-building, rental-condominium development in Chelsea, sources told...

10/26/17
...Eran Polack UPDATED, Oct. 31, 6:02 p.m.: HAP Investments...

08/24/17
...Officer Yehuda Kestenbaum jumped ship and has joined HAP Investments as CFO. Kestenbaum has done stints as CFO of both Macklowe Properties and SG...

...Officer Yehuda Kestenbaum jumped ship and has joined HAP Investments as CFO. Kestenbaum has done stints as CFO of both Macklowe Properties and SG...

02/13/17
...mid-market New York City investment sales last week, HAP Investments completed their West 28th Street assemblage with the purchase of a six-story tenement and...

09/19/16
...th Street and Eran Polack (credit: Dominique Pettway) HAP Investments is moving ahead with plans for the second property in its two-building Chelsea residential...

09/12/16
...Chelsea are one step closer to reality, with HAP Investments securing $42 million in financing for its project at 215-227 West 28th Street. The $42 million...

08/10/16
...sub 60 percent,” he said. On the development side, HAP Investments...

06/21/16
...of 215-219 West 28th Street (inset: Eran Polack) HAP Investments – which has cycled through multiple designs for a planned rental-condominium development in Chelsea – is...

...and vendor relations. Consuelo Vasquez joined residential developer HAP Investments as assistant general counsel for litigation. She came from law firm Pepper Hamilton LLP...

04/18/16
...filing also mistakenly listed real estate development firm HAP Investments, led by Eran Polack, as an "owner representative" – on the project. But a representative...
  • Event Financing
  • Address 4452 Broadway
  • Neighborhood Washington Heights
  • Borough Manhattan
  • Price $ 52,500,000
  • Publication Date 02/11/2019
  • Event Date 02/05/2019
  • Party 1 HAP Investments
  • Party 2 Madison Realty Capital
notes
The owner secured a construction loan of $52.5 million for the Washington Heights property.
  • Event Financing
  • Address 2211 Third Avenue
  • Neighborhood East Harlem
  • Borough Manhattan
  • Square feet 95,411
  • Price $ 50,250,000
  • Publication Date 12/12/2017
  • Event Date 12/07/2017
  • Party 1 HAP Investments
  • Party 2 W Financial
notes
The owner secured a $50.25 milion loan for the 10-story East Harlem building.
  • Event Financing
  • Address 215-227 West 28th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 300,000
  • Price $ 235,000,000
  • Publication Date 11/06/2017
  • Event Date 10/31/2017
  • Party 1 HAP Investments
  • Party 2 Daiwa House Texas
notes
The investment developers secured a $235 million construction loan for its 2-building, rental condominium development.
  • Event Sales
  • Address 221 West 28th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 11,538
  • Price $ 11,000,000
notes
The multifamily property was sold for $11 million.
  • Event Financing
  • Address 227 West 28th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 8,518
  • Price $ 48,000,000
  • Publication Date 10/01/2016
  • Event Date 08/15/2016
  • Party 1 HAP Investments
  • Party 2 Daiwa House Texas
notes
The company secured a $48 million loan.
  • Event Sales
  • Address 227 West 28th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 8,518
  • Price $ 30,000,000
  • Price per foot $ 3,522.00
  • Publication Date 10/01/2016
  • Event Date 08/15/2016
  • Party 1 Concord Management 211 W 21St LLC
  • Party 2 HAP Investments
notes
The multifamily residential building sold for $30 million.
  • Event Sales
  • Address 1655 Madison Avenue
  • Neighborhood East Harlem
  • Borough Manhattan
notes
The four-story building sold for $7 million.
  • Event Sales
  • Address 2211 Third Avenue
  • Neighborhood East Harlem
  • Borough Manhattan
  • Square feet 12,000
notes
The East Harlem space was sold.
  • Event Sales
  • Building Name 446-48 West 167th Street
  • Address 446 West 167th Street
  • Neighborhood Washington Heights
  • Borough Manhattan
  • Square feet 26,089
  • Price $ 1,670,000
  • Price per foot $ 64.01
notes
The vacant lot sold for $1.67 million.
Manhattan, 10035
2211 THIRD AVENUE MAZAL LLC
216 East 121st Street is a 95,411 square foot property built in the...
Manhattan, 10001
HAP INVESTMENTS, 225 WEST 28TH STREET PROPERTY OWNER LLC
This property is a new development. The developer(s) filed plans in September of...
Manhattan, 10035
HAP Investments, 247-249 EAST 117TH STREET MAZAL
247 East 117th Street is a 24,985 square foot property in the East...
Brooklyn, 11239
COUNCIL TOWERS IV HDF
...
Manhattan, 10035
HAP INVESTMENTS, LLC
...
Manhattan, 10035
Hap Investments, 2211 3RD AVE MAZAL MANAGER LLC
This property is a new development. The developer(s) filed plans in July of...
Manhattan, 10001
215 WEST 28TH STREET PROPERTY OWNER LLC
...
Manhattan, 10001
28 STREET HOLDINGS LLC
...
Manhattan, 10035
HAP INVESTMENTS, HAP INVESTMENTS LLC
329 Pleasant Avenue is a 15,255 square foot building in the East Harlem...
Manhattan, 10029
HAP INVESTMENTS, 1653 MADISON AVENUE MAZAL LLC
This property is a new development. The developer(s) filed plans in October of...
Manhattan, 10035
HAP INVESTMENTS, 2338 SECOND AVENUE MAZAL LLC
This property is a new development. The developer(s) filed plans in October of...
Manhattan, 10033
HAP INVESTMENTS, 187 STREET MAZAL MANAGER LLC
This property is a new development. The developer(s) filed plans in June of...
Manhattan, 10040
HAP Investments, HAP INVESTMENTS, LLC.
...
Manhattan, 10001
HAP INVESTMENTS, 225 WEST 28TH STREET PROPERTY OWNER LLC
This property is a new development. The developer(s) filed plans in September of...
Manhattan, 10035
HAP Investments, 247-249 EAST 117TH STREET MAZAL
247 East 117th Street is a 24,985 square foot property in the East...
Manhattan, 10035
HAP INVESTMENTS, LLC
...
Manhattan, 10035
Hap Investments, 2211 3RD AVE MAZAL MANAGER LLC
This property is a new development. The developer(s) filed plans in July of...
Manhattan, 10029
HAP INVESTMENTS, 1653 MADISON AVENUE MAZAL LLC
This property is a new development. The developer(s) filed plans in October of...
Manhattan, 10035
HAP INVESTMENTS, 2338 SECOND AVENUE MAZAL LLC
This property is a new development. The developer(s) filed plans in October of...
Manhattan, 10033
HAP INVESTMENTS, 187 STREET MAZAL MANAGER LLC
This property is a new development. The developer(s) filed plans in June of...
Manhattan, 10040
HAP Investments, HAP INVESTMENTS, LLC.
...