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Real Estate Rumors: Emerald, Independence, Blue Road

By Andrew McIntyre (May 3, 2019, 5:20 PM EDT) -- Emerald Equity has purchased four multifamily buildings in Harlem, New York, for $40 million from Galil Management, The Real Deal reported on Friday, citing sources with knowledge of the matter. The firm bought 120 W. 116th St., 1917 Adam Clayton Powell Blvd., 110 W. 116th St. and 110 S. Nicholas Ave., and landed $30.6 million in financing from Ladder Capital Finance for the purchase, Real Deal said. The buildings have a combined 97 units, according to the report....

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