HAP Investments, a New York-based international real estate investment and development company announce today they have secured a temporary certificate of occupancy (TCO) at 329 Pleasant Avenue, also known as HAP 5. Renowned designer Karim Rashid collaborated with HAP Investments on this project.
The site is strategically located one block east of First Avenue and 117th Street in East Harlem, in one of the most rapidly transitioning neighborhoods in New York City.HAP 5 is an 8-story building, containing 20 apartments.
“HAP 5 is a unique residential building and a great addition to this East Harlem neighborhood,” said Eran Polack, CEO, HAP Investments. “We look forward to this building and its residents being woven into the fabric of this community.”
Klara Madlin Real Estate, a residential brokerage firm, is handling the rentals at HAP 5. Rental prices range from $2,200 per month for a studio to $ 3,300 for a one-bedroom apartment.
The building is located in close proximity to CUNY’s Hunter College Silberman School of Social Work, leading commercial and entertainment centers, including Manhattan’s biggest shopping mall, trendy restaurants and coffee shops, some of the best preschools in Manhattan, the Robert F. Kennedy Bridge and the FDR highway.
HAP Investments has been very active in Upper Manhattan and the East Harlem areas with properties including: 419 East 117th Street, 247-249 East 117th Street, 2338 2nd Avenue, 1655 Madison Avenue and 2211 Third Ave. In addition, the company purchased a major development site at 215-219 West 28th Street in New York City’s Chelsea neighborhood. HAP is also developing a site at Journal Square in Jersey City, New Jersey, to be known as “HAP Tower.”
About HAP Investments
HAP Investments is a New York City-based real estate investment group that specializes in the development of residential and commercial properties. HAP works with private investors to create profitable investment opportunities that have a strong prospect for long term upside profits. Formed by longtime Partners and entrepreneurs Eran Polack, Amir Hasid and Nir Amsel, the HAP team brings together a skilled group of businessmen with broad experience in the global real estate markets, property development, real estate finance and law.
