40-15 Hampton Street

Owner: Summit Properties

Acquired: April 23, 2026, $6.5 million

Debt: April 23, 2026, $5 million

Built: 1939

SF: 57,000

Dwelling units: 60

No. of buildings: 1

Class: Semi-fireproof (Without Stores) (D1)

Floors: 6

Transactions:

• Summit Properties borrowed $5 million from Flagstar Bank for 40-15 Hampton Street, Elmhurst, Queens on April 23, 2026.

• Pinnacle Group sold 40-15 Hampton Street, Elmhurst, Queens for $6.5 million to Summit Properties on April 23, 2026.

• Pinnacle Group borrowed $9 million from New York Community Bank for 40-15 Hampton Street, Elmhurst, Queens on October 07, 2021.

Development:

• Gagandeep Singh filed alteration job Q00286727 for building with 60 apartments in Elmhurst, Queens, on December 24, 2019.

• Eamon Lavin filed alteration job 401505974 for building in Elmhurst, Queens, on July 31, 2002.

Litigation:

• Flagstar Bank filed a $129.5 million pre-foreclosure 708290/2025 on March 22, 2025, against Pinnacle Group and Joel Wiener at 40-15 Hampton Street.

Violations:

According to city public data, the properties have received $150 in OATH penalties in the last year.