NYC landlord to discount rents for tenants who shop local

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HAP Investments, a New York-based international real estate investment and development company, announced it will offer up to $1,000 in rent credits to building residents for shopping and dining locally in an effort to support New York City’s economic recovery.

Inspired by a leaflet from an independently owned business
in East Harlem calling on community members to consider shopping locally, Eran
Polack, CEO of HAP Investments notified building residents of the rent discount
program in a heartfelt call to action.

By showing proof of purchase at independently owned businesses and restaurants within a mile radius of a HAP Investments’ building, residents will earn credits towards their February 2022 rent. From October through December 2021, renters will receive a $10 discount for every $100 spent locally. At the end of the three-month period, the top three residents across HAP Investment’s East Harlem properties will receive an additional rent discount: $500 for first, $250 for second, and $100 for third.

ERAN POLACK

“Local businesses have suffered tremendously as a result of
the pandemic, and we feel that it is our responsibility to support them the
same way they have served our communities,” said Polack. “Throughout this
city’s rich history, we have seen New Yorkers band together in times of need.
We have all been impacted by the pandemic, but we cannot stand idly by as local
independently owned businesses struggle to make ends meet. I not only encourage
HAP residents to shop locally, but all New Yorkers, and I hope other property
owners will implement similar programs of their own.”

Small and locally owned business are the lifeblood of the
New York City community. According to the NYC Small Business First Report, of
NYC’s 200,000 businesses, 98 percent are considered small and 89 percent very
small, employing fewer than 100 and 20 employees respectively, and providing
work opportunities for more than half of the City’s private sector workforce.

HAP Investments’ portfolio of properties comprises 10
buildings located throughout NYC including The Maverick, a mixed-use luxury
residential development comprised of two buildings located in the Chelsea
neighborhood of Manhattan. 

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