Emerald Equity Acquires Multifamily Properties In Harlem For $40M

An investment group led by Isaac Kassirer's Emerald Equity has acquired a multifamily portfolio in Harlem for $40 million. The properties include 120 W 116th St, 110 W 116th St, 1917 Adam Clayton Powell Blvd, and 110 St. Nicholas Ave. This transaction marks a significant move in the Harlem real estate market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $40 million
• Buyer: Emerald Equity - Isaac Kassirer
• Seller: Galil Management - Irving Langer
• Broker: Steven Vegh - Westwood Realty
• Market: Harlem

This deal was made possible by Steven Vegh, a representative from Westwood Realty, who facilitated the transaction between the buyer and seller. Isaac Kassirer, through his firm Emerald Equity, has expanded its real estate portfolio with this strategic acquisition. Galil Management, headed by Irving Langer, made the decision to sell these properties in Harlem.