Pinnacle Group

Owner

Private Equity

1 Pennsylvania Plaza #4000 New York, NY 10119

2 Grand Central Tower, 140 East 45th St, 12th Floor, New York, NY 10017

People:

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Pinnacle Group NYC portfolio

$642.7 million -elevator 66%, walkup 17%, condo 9%; Manhattan 36%, Bronx 24%, Queens 22%*

352th largest portfolio by dollar value

3,243,448 sqft – elevator 69%, walkup 17%, condo 10%; Bronx 35%, Queens 26%, Manhattan 24%

142th largest by SF

65 properties – Queens 45%, Brooklyn 42%, Manhattan 8%

124th largest

3,419 residential units – Bronx 32%, Queens 26%, Manhattan 24%

84th largest by residential units

1556 foreclosures, 1444 bankruptcies, 118 other court cases.

Company Activity past 24 months:

Seller company: 81 for $461.2 million

Borrower company: 3 for $0

Top Ten Associated Companies:

Summit Properties (80), New York Community Bank (52), William Pears Group (13), Axos Bank (5), Capital One (5), Investors Bank (5), Cantor Fitzgerald (3), Series 2024-AHP1 (3), Tel Aviv Stock Exchange bondholders (2), David Spira (1)

Top Ten Associated People:

Estefania Knight (80), John Feijoo (15), Stuart Berg (13), Lisa A. Moghul (2), Jeffrey Gibilaro (1), Marion Bahner (1), Nicholas Arsenis (1), Dean C. Ravosa (1), Grace Chiang (1), Bekim Subasic (1)

Recent activity as company:

• Pinnacle Group sold 35 Hillside Avenue for $10.1 million to Summit Properties on March 31, 2026.

• Pinnacle Group sold 1048 Union Street for $1.3 million to Summit Properties on March 31, 2026.

• Pinnacle Group sold 815 Gravesend Neck Road for $10.8 million to Summit Properties on March 31, 2026.

• Pinnacle Group sold 3410 Kingsbridge Avenue for $8.4 million to Summit Properties on March 31, 2026.

• Pinnacle Group sold 330 East 19 Street for $6.7 million to Summit Properties on March 31, 2026.

• Pinnacle Group sold 517 West 155 Street for $5.4 million to Summit Properties on March 31, 2026.

• Pinnacle Group sold 689 Ocean Avenue for $4.9 million to Summit Properties on March 31, 2026.

• Pinnacle Group sold 993 Carroll Street for $4.9 million to Summit Properties on March 31, 2026.

• Pinnacle Group sold 916 Carroll Street for $4.7 million to Summit Properties on March 31, 2026.

• Pinnacle Group sold 115 East 21 Street for $4.5 million to Summit Properties on March 31, 2026.

Latest Stories:

• Summit Properties pays $10.1M for 142-unit rental in Washington Heights, part of Pinnacle bankruptcy (April 14, 2026)

• Summit Properties pays $5.7M for 84-unit walkup in Washington Heights, former Pinnacle building (April 09, 2026)

• Summit Properties pays $4.1M for 59-unit Inwood walkup Pinnacle lost in bankruptcy (April 08, 2026)

• $108M in pre-foreclosure actions allege Bronx Pinnacle Group loans in default (September 16, 2025)

• Extell battles Pinnacle Group over future management of Midtown West hotel (June 25, 2025)

• Pinnacle Group places 5,000-unit portfolio with approximately $574M in debt in bankruptcy (May 22, 2025)

• Flagstar Bank files pre-foreclosure action for Pinnacle Group loans totaling $150M (March 24, 2025)

• Mann Group pays $15.1M to Pinnacle for 33-unit rental in Vinegar Hill (December 11, 2024)

• Extell signs $220M construction loan for 534-key project in Midtown West (December 26, 2023)

• ZD Jasper submits 122-unit condo plan in Hudson Yards, no sellout price given (December 13, 2023)

Court Records:

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Properties:

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