Image of Investment Property

800 Second Avenue

Property Sq Ft: 290,000

Purchase Date: June, 1995

Purchase Price: $51 MM

Year Built: 1957

Client: AMPAL/Bank Hapoalim


Tenantwise advised AMPAL, which is a subsidiary of Bank Hapoalim, then Israel’s largest bank, on its creation of an “Israeli Center” in Manhattan. The concept was that the bank would invest its capital in Manhattan real estate and then monetize its client relationships in the form of tenancy from third parties. Tenantwise sourced the property, negotiated purchase terms, contracts, supervised due diligence, and provided financing analysis. Tenantwise also advised AMPAL in its decision to turn the building into a condominium and sell a majority unit to the Israeli government for its use as the Israeli Consulate.