Unlocking Potential in New York’s Emerging Submarkets
Eran Polack, co-founder & CEO of HAP Investments, analyzes investment opportunities in the metro. He also touches on the reasons behind Northern Manhattan's transformation into a fast-moving real estate market. Greater New York continues to be a worldwide...
The top 10 biggest real estate projects coming to NYC
A mixed-use affordable housing development in the Bronx was the largest project filed with the city in May. Jorge Madruga’s Maddd Equities is planning a roughly 274,000-square-foot development at 1164 River Avenue. The 17-story building will contain 250 affordable...
The most affordable neighborhoods in New York City: A 2018 buyer’s guide
It’s always a battle for affordability in New York City. As the luxury real estate market cools, buying into some of the city’s less expensive neighborhoods continues to get more and more competitive by the minute. To help cash-strapped buyers—as well as smart...
“Follow the Artists” to New Development Opportunities
Daren Hornig’s father gave him development advice which the younger Hornig (pictured) wishes he’d followed from the get-go. He passed along his father’s wisdom in the “Boroughs on Fire: The Development Boom Outside Manhattan” panel at the recent Connect New York...
Apartment Builders Gearing Up To Benefit From Construction Slowdown
Residential construction in New York City has slowed significantly since 2016’s cracking pace, and multifamily developers say it is a welcome development that will help soak up supply. “I expect construction prices to fall off a cliff in 2019 and 2020. It’s a good...
Q&A with HAP Investments’ Eran Polack: Finding a Successful Niche in NYC
As the experts onstage for “Boroughs on Fire” at Connect New York on April 17 will attest, a great deal of the development action these days can be found outside the Manhattan core. Yet HAP Investments’ Eran Polack, who will be among those experts, has long sought...
MIPIM: US Experts Tell World America Is Loaded With Opportunities, So Act Fast
Those that attended Commercial Observer’s panel on United States real estate investing today—the second day of the annual MIPIM (or Marché International des Professionnels d’Immobilier) property conference in Cannes, France—were told there are ample deals to be made...
HAP seeks ‘smart opportunities’ in New York’s emerging markets
HAP will continue to target emerging US markets, according to the investor's co-founder and NY CEO Eran Polack, HAP is sponsor of the major conference on the US this morning. Talking exclusively to MIPIM News about his company's investment targets, Polack said: "HAP...
Jersey City council vacates street to developer, ending legal fight
The City Council Wednesday night finally adopted an ordinance that will pave the way for a high-rise near Journal Square, more than two years after a judge first ordered the city to take the action. The ordinance vacates a portion of West Street, a dead-end road off...
HAP Investments LLC Acquires 65 Franklin Street for $46 Million
HAP Investments announces the acquisition of 65 Franklin Street (also known as 360 Broadway), a 5-story vacant residential property in Tribeca. The $46 million transaction closed today. In addition, HAP Investments has secured inclusionary air rights to build a...