Pinnacle Group

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Pinnacle Group portfolio

$630.1 million* – elevator 69.0%, walkup 23.0%; Brooklyn 33.0%, Manhattan 29.0%

91th largest portfolio by dollar value

7,943,662 sqft – elevator 72.0%, walkup 22.0%;

29th largest by SF

509 properties – Brooklyn 45%, Queens 40%

9th largest

8,743 residential units – Brooklyn 35.0%, Manhattan 23.0%

12th largest by residential units

0 foreclosures, 0 bankruptcies, 18 other court cases.

Company Activity past 24 months:

Seller company: 14 for $69.5 million

Borrower company: 4 for $65 million

Top Ten Associated Companies:

New York Community Bank (52), William Pears Group (13), Investors Bank (5), Capital One (5), Axos Bank (5), Cantor Fitzgerald (3), Series 2024-AHP1 (3), Tel Aviv Stock Exchange bondholders (2), David Spira (1), People Of The State Of New York (1)

Top Ten Associated People:

John Feijoo (15), Stuart Berg (13), Lisa A. Moghul (2), Jeffrey Gibilaro (1), Nicholas Arsenis (1), Alan L. Kaufman (1), Zhidong Wu (1), Bekim Subasic (1), Dean C. Ravosa (1), Grace Chiang (1)

Recent activity as company:

Pinnacle Group borrowed $0 from Cantor Fitzgerald and Series 2024-AHP1 for 81/83 Seaman Avenue, Inwood, Manhattan on January 24, 2025.

Pinnacle Group borrowed $0 from Cantor Fitzgerald and Series 2024-AHP1 for 147-03 Northern Boulevard, Flushing, Queens on January 23, 2025.

Pinnacle Group borrowed $0 from Cantor Fitzgerald and Series 2024-AHP1 for 25 Cumming Street, Inwood, Manhattan on January 23, 2025.

Pinnacle Group sold 109 Gold Street, Vinegar Hill, Brooklyn for $15.1 million to Mann Group on December 10, 2024.

Pinnacle Group borrowed $65 million from Starwood Mortgage Capital for 323 West 96th Street, Upper West Side, Manhattan on December 04, 2023.

Pinnacle Group sold 835 Riverside Drive, 835 Riverside Drive, 835 Riverside Drive, 835 Riverside Drive, 835 Riverside Drive, and others, Washington Heights, Manhattan for $4.8 million to William Pears Group on April 12, 2023.

Pinnacle Group sold 812 Riverside Drive, 812 Riverside Drive, 812 Riverside Drive, 812 Riverside Drive, 812 Riverside Drive, and others, Washington Heights, Manhattan for $3.1 million to William Pears Group on April 12, 2023.

Pinnacle Group sold 807 Riverside Drive, 807 Riverside Drive, 807 Riverside Drive, 807 Riverside Drive, 807 Riverside Drive, and others, Washington Heights, Manhattan for $4.6 million to William Pears Group on April 12, 2023.

Pinnacle Group sold 801 Riverside Drive, 801 Riverside Drive, 801 Riverside Drive, 801 Riverside Drive, 801 Riverside Drive, and others, Washington Heights, Manhattan for $2.9 million to William Pears Group on April 12, 2023.

Pinnacle Group sold 156-08 Riverside Drive West, 156-08 Riverside Drive West, 156-08 Riverside Drive West, 156-08 Riverside Drive West, 156-08 Riverside Drive West, and others, Washington Heights, Manhattan for $8.4 million to William Pears Group on April 12, 2023.

Latest Stories:

• Mann Group pays $15.1M to Pinnacle for 33-unit rental in Vinegar Hill (December 11, 2024)

• ZD Jasper submits 122-unit condo plan in Hudson Yards, no sellout price given (December 13, 2023)

• Pinnacle Group signs $65M refi with Starwood for 172-unit rental on Upper West Side (December 05, 2023)

• ZD Jasper Realty signs $103M construction loan in Hudson Yards (September 11, 2023)

• Billionaire Pears brothers pay $54.5M to Pinnacle for 315 unsold condos in Harlem, Washington Hts. (April 13, 2023)

• Pinnacle Group signs $20.3M refi loan with CenterSquare for specialty in Upper West Side (November 01, 2022)

• Bekim Subasic pays $8.7M to Pinnacle Group for 56-unit rental in Harlem (September 21, 2022)

• ZD Jasper pays $48M to Pinnacle Group for development site in Hudson Yards (May 31, 2022)

• Pinnacle Group signs $48.7M in new refis, has refinanced $860M in past 30 months (February 10, 2022)

• Pinnacle Group signs $19.5M refi loan with New York Community Bank for 258 propertiesin East New York (November 05, 2021)

Court Records:

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Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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