Al Sharpton’s National Action Network pays $6M for two properties in Harlem

National Action Network through the entity National Action Network, Inc. paid $6 million for the Faison Firehouse Theater building (P9) at 6 Hancock Place in Harlem, Manhattan and an adjacent vacant parcel (V1) at 4 Hancock Place. The expected use is owner-occupied.
The deal closed on April 7, 2026 and was recorded on April 13, 2026. The two properties have 10,490 square feet of built space and 20,455 square feet of additional air rights for a total buildable of 30,936 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $571 and the price per buildable square foot is $193 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Faison Firehouse Theater was George Faison. The signatory for National Action Network was Al Sharpton. The contract date was March 17, 2026.

The New York Times reported on the purchase earlier this month.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer National Action Network had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller George Faison had not purchased any other properties and had not sold any properties over the same time period.

The property

The specialty building in Harlem has 10,490 square feet of built space and 20,455 square feet of additional air rights for a total buildable of 30,936 square feet according to a PincusCo analysis of city data. The parcel has frontage of 28 feet and is 93 feet deep with a total lot size of 2,088 square feet. The lot is irregular. The zoning is C4-4D which allows for up to 3.4 times floor area ratio (FAR) for commercial and up to 6.02 times FAR for residential with inclusionary housing. The city-designated market value for the property in 2022 is $1.6 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the properties for the past 24 months. In addition, according to city public data, the properties have received $600 in OATH penalties in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The neighborhood

In Harlem, The bulk, or 43 percent of the 81.1 million square feet of commercial built space are elevator buildings, with walkup buildings next occupying 30 percent of the space. In sales, Harlem has 2.5 times the average sales volume among other neighborhoods with $819.6 million in sales volume in the last two years and is the 14th highest in Manhattan. For development, Harlem has 2.5 times the average amount of major developments relative to other neighborhoods and is the 9th highest in Manhattan. It had 4.1 million square feet of commercial and multi-family construction under development in the last two years, which represents 5 percent of the neighborhood’s built space.

The block

On the tax block of 6 Hancock Place, PincusCo has identified the owners of seven of the 15 commercial properties representing 253,360 square feet of the 280,152 square feet. The largest owner is West Harlem Group Assistance, followed by Miklos A. Vasarhelyi and then Phipps Houses.
On the tax block, there was one new building construction project filed totaling 47,011 square feet. It is a 23-unit, 47,011 square-foot residential (R-2) building submitted by Azimuth Development Group and filed by Guido Subotovsky with plans filed August 26, 2014 and permitted January 24, 2017.

The majority, or 81 percent of the 280,152 square feet of built space are elevator buildings, with walkup buildings next occupying 17 percent of the space.

The seller

The PincusCo database currently indicates that george faison owned at least one commercial property in New York City with 10,490 square feet and a city-determined market value of $1.5 million. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single P9 property. It is located in Manhattan.

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