HAP Six NY
1653-1655 Madison Avenue
The building will house 8 floors, 19 apartments and commercial floor.
HAP Six NY Welcome to the East Harlem neighborhood - one of the most promising real estate areas in New York, which over the last few years has proven a worthwhile and wise investment.
In the heart of what is one of New York city's most bustling neighborhoods, HAP is building a unique Karim Rashid designed signature mixed use project that will include an 8 story building, containing 20 apartments and an office and commercial area at street level.
The HAP SIX project is situated in one of New York City's hottest up and coming areas. The project is amazingly located one block from Central Park, bordering a small neighborhood garden and in proximity to CUNY’s brand new Hunter College Silberman School of Social Work, which relocated to the neighborhood in 2011 and created an entirely new category of business opportunities for a choice audience of 5,000 students attending the school and looking to rent nearby.
Current New York City real estate market fundamentals make this investment offer a very attractive one. Number of newly built apartment projects in NY is significantly lower that past years and showing as much as 70% decrease in building new apartments in the city. Year over year numbers show a steady increase in prices of apartments in East Harlem. In terms of renting the apartments, latest industry figures show a very high demand for apartments in NYC with an occupancy rate of approximately 99.6% coupled by an unprecedented, all time high rent rates across the board in Manhattan. Demand is high, offer of new projects is low and rents are high. All in all this is the right time and the right place to make a smart investment.