916 Carroll Street

Owner: Summit Properties

Acquired: April 20, 2026, $4.7 million

Debt: April 20, 2026, $3.4 million

Built: 1928

SF: 51,000

Dwelling units: 58

No. of buildings: 1

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

Floors: 6

Transactions:

• Summit Properties borrowed $3.4 million from Flagstar Bank for 916 Carroll Street, Crown Heights, Brooklyn on April 20, 2026.

• Pinnacle Group sold 916 Carroll Street, Crown Heights, Brooklyn for $4.7 million to Summit Properties on April 20, 2026.

• Pinnacle Group borrowed $5.9 million from New York Community Bank for 916 Carroll Street, Crown Heights, Brooklyn on February 09, 2022.

Litigation:

• Pinnacle Group on May 21, 2025, filed a $574.4 million bankruptcy 25-11050 for 916 Carroll Street that has creditor Flagstar Bank.

• Pinnacle Group on May 21, 2025, filed a $574.4 million bankruptcy 25-11050 for 916 Carroll Street that has creditor Flagstar Bank.

• Pinnacle Group on May 21, 2025, filed a $574.4 million bankruptcy 25-11050 for 916 Carroll Street that has creditor Flagstar Bank.

• Pinnacle Group on May 21, 2025, filed a $574.4 million bankruptcy 25-11050 for 916 Carroll Street that has creditor Flagstar Bank.

• Pinnacle Group on May 21, 2025, filed a $574.4 million bankruptcy 25-11050 for 916 Carroll Street that has creditor Flagstar Bank.

Violations:

According to city public data, the properties have received $1,250 in ECB penalties and $2,150 in OATH penalties in the last year.