Emerald Equity Acquires MultiFamily Property In New York From Galil Management For $40M

The multi-family buildings located at 120 West 116th Street, 110 West 116th Street, 1917 Adam Clayton Powell Boulevard, and 110 St. Nicholas Avenue in Harlem were acquired by Emerald Equity from Galil Management for a total of $40 million. The deal was financed with $30.6 million from Ladder Capital Finance.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $40,000,000.00
• Address: 120 West 116th Street, 110 West 116th Street, 1917 Adam Clayton Powell Boulevard, and 110 St. Nicholas Avenue
• Market: New York
• Buyer: Emerald Equity
• Seller: Galil Management
• Buyer's Representative: Steven Vegh

Isaac Kassirer, through his firm Emerald Equity, continues his real estate acquisitions in Northern Manhattan. The quartet of multi-family buildings purchased in Harlem highlights his ongoing investment strategy in the area. Steven Vegh, who represented both the buyer and the seller in the deal, played a pivotal role in facilitating this transaction.