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Owners Magazine 2016

Eran Polack Chief Executive Officer and Co-Founder of HAP Investments What project currently under development will most transform New York City? (And why?) I don’t think there is one project that is transforming the city. Instead I see several projects continuing the...
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HAP Investments Pays $26.5M for Jersey City Parking Lot

HAP Investments is moving into the New Jersey market having paid $26.5 million for land in Jersey City on which the developer will erect a $400 million-plus, 42-story mixed-use tower, Commercial Observer has learned. The deal, which involved no brokers, closed on June...
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HAP Unveils New Design For Anticipated Chelsea Development

The design is a total departure from previous plans for the site HAP’s West 28th Street development has seen many iterations, from a speculative plan for an undulating tower designed by HAP favorite Karim Rashid to a pleasantly subdued building by WASA/Studio A....
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Super Fi Emporium Acquired 12,000 SF Grocery Space in East Harlem

NEW YORK CITY — Super Fi Emporium has purchased 12,000 square feet of retail space at HAP Investment’s residential building located at 2211 Third Ave. in East Harlem for an undisclosed price. The buyer plans to open a supermarket in the ground-floor retail space of...
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Owners Magazine 2015

Eran Polack CEO & Co-Founder, HAP Investments What are your thoughts about the “b” word? If the market decreased 10 to 15 percent, I would expect international and domestic buyers to step in and absorb the difference, as demand for Manhattan real estate remains...
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HAP breaks ground for new East Harlem rental building

HAP Investments has broken ground for a new East Harlem rental project. The site is located on the corner of 3rd Avenue and East 121st Street in Manhattan’s East Harlem neighborhood, one of the most rapidly transitioning areas of New York City. Karl Fischer serves as...
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Investors, developers looking to Northern Manhattan

Emerging markets like Northern Manhattan are offering real estate investors “huge potential for growth,” though such growth is dependent on continued investments in transportation and infrastructure, market players said at a Midtown panel discussion Thursday....
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The most attention-grabbing renderings from 2014

A stark-white building with magenta-rimmed balconies will take shape on a century-old block in East Harlem. In Brooklyn, a hotel appearing like something out of “Star Trek” will rise 20 stories above the neighborhood of Williamsburg. These are just a few projects in...
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City’s Most Active Landlords Talk Shop in Third Owners Magazine

Eran Polack CEO, HAP Investments Presented by AT&T What’s your real estate prediction for 2015? I think the market will continue to remain strong. Where in New York is there still untapped potential for real estate development? Harlem and Washington Heights. What...
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Property Deal in Jersey City to Get Tax Aid

Firm Agrees to Pay $28 million for Property in Journal Square By KEIKO MORRIS March 25, 2014 10:38 p.m. ET A New York developer is in contract to buy a site in the heart of Jersey City’s Journal Square, an area the city has been targeting for development with a...
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HAP Investments Adds Yehuda Kestenbaum As CFO

HAP Investments, a New York-based international real estate investment and development company, announced that Yehuda Kestenbaum has joined the company as Chief Financial Officer. The announcement was made by Eran Polack, CEO of HAP Investments. Kestenbaum joins HAP... read more

New CFO for HAP Investments

Yehuda Kestenbaum has joined HAP Investments as Chief Financial Officer “Yehuda’s comprehensive knowledge and dedication will ensure that deadlines are met and budgets managed effectively to ensure strategic results,” said Eran Polack, CEO of HAP. Kestenbaum joins HAP... read more

421-a: Affordable New York

421a is making a comeback – with a new name. Dubbed “Affordable New York,” Governor Andrew Cuomo has sent the revamped plan to the state legislature for final approval. The real estate community and labor unions have eagerly agreed. The new deal would create 2,500 new... read more

Owners Magazine 2016

Eran Polack Chief Executive Officer and Co-Founder of HAP Investments What project currently under development will most transform New York City? (And why?) I don’t think there is one project that is transforming the city. Instead I see several projects continuing the... read more