Isaac Kassirer’s stuck with stabilized apartments — and rent strike
For landlords whose business model was flipping rent-regulated apartments to market rate, the 2019 rent law was crushing. The...
Isaac Kassirer
Isaac Kassirer is the founder of the Emerald Equity Group.
Isaac Kassirer Q&A
What is Isaac Kassirer known for?
Kassirer is known for a large number of acquisitions across New York City through his company, the Emerald Equity Group. Between 2016 and 2019 Kassirer acquired more than 3,500 apartments. The acquisitions were mostly made in Upper Manhattan and the Bronx and include a large proportion of rent-stabilized apartments.
Why is Isaac Kassirer important to the real estate industry?
Kassirer has been the driving force behind his firm's growth since 2012, and Emerald's growth into previously untapped uptown markets has influenced New York's residential real estate. Emerald Equity made large-scale multifamily acquisitions in areas above 96th Street and in the Bronx and Brooklyn, where prices had not yet reached the sky-high downtown levels. Kassirer's group reportedly owns and operates rental units not only in Manhattan, Brooklyn, and the Bronx, but in Atlanta, St. Louis, Columbus, Dallas, and Nashville as well.
Want to know more about Isaac Kassirer?
Check out our Top Stories below for TRD’s most up-to-date coverage of Isaac Kassirer.
Isaac Kassirer Top Stories
January 31, 2019—Another day, another refinancing of a Harlem multifamily portfolio owned by Isaac Kassirer's Emerald Equity Group.
March 7, 2018—Isaac Kassirer closed Tuesday on the $116 million purchase of a four-building multifamily portfolio in the Upper West Side’s Manhattan Valley neighborhood.
January 4, 2018—Isaac Kassirer signed a contract to buy a 12-story rental property at 838 West End Avenue from Joseph Sitt’s Thor Equities and Rockwood Capital for about $65M.
The Latest
His portfolio decimated, Isaac Kassirer gets creative with rents
In the Highbridge section of the Bronx, the tenants of 272 units are fighting to keep their buildings rent-stabilized...
Emerald Equity siphoned security deposits at now-bankrupt buildings
Instead of setting aside $470,000 in security deposits at 11 East Harlem buildings, Isaac Kassirer’s Emerald Equity Group says...
Some of Isaac Kassirer’s Harlem buildings head to bankruptcy
Isaac Kassirer, the prolific multifamily investor who went on a tear acquiring thousands of rent-regulated properties throughout Manhattan and...
Ladder Capital moves to foreclose on Emerald Equity’s Harlem rentals
Ladder Capital intends to foreclose on four Harlem rental properties owned by Isaac Kassirer’s Emerald Equity, after the firm...
Con Ed threatens to pull plug on four Dawnay Day buildings
Citing unpaid bills, Con Edison warned it would cut power to at least four rent-stabilized buildings in Emerald Equity’s...
Emerald Equity weighing “all options” to save massive portfolio
One of the biggest rent-stabilized portfolios in New York City is facing a financial reckoning. Multiple sources with direct...
Good while it lasted: Tenant paid $1 rent for 5 months
For five months, a tenant in East Harlem paid $1 a month in rent because his landlord, Isaac Kassirer’s...
Kassirer’s refinances another Harlem multifamily portfolio
Another day, another refinancing of a Harlem multifamily portfolio owned by Isaac Kassirer’s Emerald Equity Group. The real estate...
Kassirer flips Upper West Side building to Akelius for $72M
Isaac Kassirer flipped an Upper West Side building he bought from Thor Equities and Rockwood Capital for a quick...