(L-R): Abe Kohn, Lee Karlin, Michelle Arrington, Eran Polack, Hans Wagner, Amir Hasid, and Sariel Engel

New York-based international real estate and development company, HAP Investments, celebrated the completion and TCO approval for their East Harlem project HAP 5. The celebratory ribbon cutting, held on-site at 329 Pleasant Avenue was attended by HAP principals Eran Polack and Amir Hasid, HAP Chairman Dr. Hans Wagner, the leasing team of Klara Madlin and Ann Ferguson of Klara Madlin Real Estate and the HAP professional development team. Also present were finance professionals from UC Funds and Guggenheim Partners as well as design team members representing the noted designer of the development, Karim Rashid.

Nestled between East Harlem’s trendiest restaurants and shopping destinations, the project, a boutique 8-story residential rental building, is located in one of the city’s most sought after up and coming neighborhoods. HAP 5, having secured TCO approval on June 19, 2017, has begun leasing and is already in contract on a number of units.