1038 Union Street

Owner: Summit Properties

Acquired: April 24, 2026, $1.9 million

Debt: April 24, 2026, $1.6 million

Built: 1916

SF: 22,800

Dwelling units: 23

No. of buildings: 1

Class: Over Six Families Without Stores (C1)

Floors: 4

Transactions:

• Summit Properties borrowed $1.6 million from Flagstar Bank for 1038 Union Street, Crown Heights, Brooklyn on April 24, 2026.

• Pinnacle Group sold 1038 Union Street, Crown Heights, Brooklyn for $1.9 million to Summit Properties on April 24, 2026.

Development:

• Meir Bouskilla filed alteration job 320954543 for RES building with 23 apartments in Crown Heights, Brooklyn, on September 08, 2014.

Litigation:

• Pinnacle Group on May 21, 2025, filed a $574.4 million bankruptcy 25-11050 for 1038 Union Street that has creditor Flagstar Bank.

• Flagstar Bank filed a $296.9 million pre-foreclosure 509749/2025 on March 22, 2025, against Pinnacle Group and Joel Wiener at 1038 Union Street.

Violations:

According to city public data, the properties have received $50 in OATH penalties in the last year.