1002030015

Owner: Summit Properties

Acquired: April 23, 2026, $5 million

Debt: April 23, 2026, $1.1 million

Built: 1900

Renovated: 1986

SF: 29,681

Dwelling units: 45

No. of buildings: 2

Class: Over Six Families With Stores (C7)

Floors: 6

HPD Ownership Registration Information

Last registered: 2025-08-05 (expires 2026-09-01)

Transactions:

• Summit Properties borrowed $1.1 million from Flagstar Bank for 58-60 Elizabeth Street, Chinatown, Manhattan on April 23, 2026.

• Pinnacle Group sold 58-60 Elizabeth Street, Chinatown, Manhattan for $5 million to Summit Properties on April 23, 2026.

Development:

• Xiyong Zhong filed alteration job M00959389 for 22 sqft RES building with 45 apartments in Chinatown, Manhattan, on November 10, 2023.

• Isak Radoncic filed alteration job M00918971 for 1,820 sqft RES building with 45 apartments in Manhattan, on August 18, 2023.

• Isak Radoncic filed alteration job M00892168 for 600 sqft RES building with 45 apartments in Chinatown, Manhattan, on July 13, 2023.

• Joseph Gans filed alteration job M00367856 for 400 sqft R-2 building with 45 apartments in Chinatown, Manhattan, on July 24, 2020.

• Meir Bouskilla filed alteration job 140922571 for RES building with 45 apartments in Chinatown, Manhattan, on July 08, 2020.

Litigation:

• Pinnacle Group on May 21, 2025, filed a $574.4 million bankruptcy 25-11050 for 58 Elizabeth Street that has creditor Flagstar Bank.

• Flagstar Bank filed a $149.7 million pre-foreclosure 850128/2025 on March 21, 2025, against Pinnacle Group and Joel Wiener at 58 Elizabeth Street.

Violations:

According to city public data, the properties have received $350 in OATH penalties in the last year.