815 Gravesend Neck Road

Owner: Summit Properties

Acquired: April 20, 2026, $10.8 million

Debt: April 20, 2026, $8.3 million

Built: 1962

SF: 108,000

Dwelling units: 100

No. of buildings: 2

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

Floors: 6

Transactions:

• Summit Properties borrowed $8.3 million from Flagstar Bank for 815 Gravesend Neck Road, Sheepshead Bay, Brooklyn on April 20, 2026.

• Pinnacle Group sold 815 Gravesend Neck Road, Sheepshead Bay, Brooklyn for $10.8 million to Summit Properties on April 20, 2026.

Development:

• Joel Wiener filed alteration job 302140421 for building with 100 apartments in Sheepshead Bay, Brooklyn, on April 04, 2006.

Litigation:

• Pinnacle Group on May 21, 2025, filed a $574.4 million bankruptcy 25-11050 for 815 Gravesend Neck Road 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 815 Gravesend Neck Road.

Violations:

According to city public data, the properties have not received any significant violations in the last year.