Dec 29, 2021

Smith Gambrell Russell Represents HAP Investments in $76.8 Million Combined Refinance of Three Residential Properties in New York City’s East Harlem

PR HAP

NEW YORK (December 29, 2021) – Smith, Gambrell Russell (SGR) is pleased to announce that the firm served as legal counsel to HAP Investments (HAP), a New York-based real estate investment and development company, in its recent $76.8 million refinancing of three East Harlem, New York properties, Hap Two, Hap Five and Hap Ten, comprised of almost 160 units and several leased retail spaces. Allegiant Real Estate Capital provided the financing.

Located at 2338 Second Avenue, 329 Pleasant Avenue, and 2211 Third Avenue, the three East Harlem properties are all within one mile of each other with shopping and dining options within walking distance. The 125th subway station, as well as the Harlem-125th train station, are also within one mile of all three properties.

HAP Investments’ real estate portfolio includes 10 buildings throughout the New York metropolitan area, including The Maverick, a mixed-use luxury residential development comprised of two buildings located in the Chelsea neighborhood of Manhattan.

The SGR New York legal team included Partner Moty Ben Yona, Associate Amanda Attenasio, Partner John McCarthy, and Associate Edward Heppt.

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. Led by Eran Polack, HAP Investments brings together a skilled group of business professionals including Nir Amsel and Amir Hasid. In addition to property development, the HAP team’s experience covers global real estate markets, real estate finance and law. For more information, visit hap-ny.com.

About Smith Gambrell Russell
SGR is a full service, international law firm that advises regional, national and global businesses on a wide range of legal matters. The firm’s 250 attorneys provide legal counsel in more than 45 specialized practice areas, including corporate transactions, litigation, intellectual property, aviation, banking, real estate, construction, employment law, and employee benefits and executive compensation. Founded in 1893, SGR has offices in Atlanta, Austin, Jacksonville, London, Los Angeles, Miami, Munich, New York, Southampton, and Washington, D.C.


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