Emerald Equity Buys Harlem Buildings For $25M

Real estate investor Isaac Kassirer’s Emerald Equity Group continues to look to the East Harlem multifamily market, having acquired a four-building portfolio of mixed-use rental properties in the neighborhood from Castellan Real Estate Partners for $24.8 million, Commercial Observer has learned. VIDEO

Investors, Developers Looking To Harlem And Further North

“If you haven’t walked around this area and you’re a real estate bloodhound, it smells like it’s going to be the [next] Meatpacking District,” Emerging markets like Northern Manhattan are offering real estate investors “huge potential for growth,” though such growth is dependent on continued investments in transportation and infrastructure, market players said at a…