Summit Properties
(Summit Properties USA, Summit Malls Management)
1350 Avenue of the Americas New York, NY 10019, USA
1st and 2nd Floors, Elizabeth House, Les Ruettes Brayes, St. Peter Port, Guernsey, GY1 1EW
People:
Summit Properties NYC portfolio
$554.9 million -elevator 60%, walkup 25%, office 7%; Brooklyn 39%, Manhattan 36%, Queens 19%*
470th largest portfolio by dollar value
5,190,585 sqft – elevator 67%, walkup 23%, office 7%; Brooklyn 47%, Manhattan 28%, Queens 16%
96th largest by SF
93 properties – Brooklyn 54%, Manhattan 26%, Queens 12%
96th largest
5,113 residential units – Brooklyn 50%, Manhattan 23%, Queens 17%
70th largest by residential units
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Notes
The company owns real estate in Germany and the United States, including a claimed portfolio of 90 multifamily buildings in New York City, some managed by Chestnut Holdings of New York. Summit Properties Ltd. is a public company in Guernsey, managed by Summit Real Estate Holdings of Israel. Not affiliated with Summit Real Estate Group of St. Louis, Missouri.
Company Activity past 24 months:
Buyer company: 82 for $510 million
Borrower company: 77 for $326.7 million
Top Ten Associated Companies:
Flagstar Bank (77)
Top Ten Associated People:
Steven Callahan (77)
Recent activity as company:
• Pinnacle Group sold 18 Beak Street for $4.1 million to Summit Properties on March 31, 2026.
• Summit Properties borrowed $12.7 million from Flagstar Bank for 45-35 44 Street on March 31, 2026.
• Pinnacle Group sold 40-15 Hampton Street for $6.5 million to Summit Properties on March 31, 2026.
• Pinnacle Group sold 1554 Ocean Avenue for $5.5 million to Summit Properties on March 31, 2026.
• Pinnacle Group sold None for $5 million to Summit Properties on March 31, 2026.
• Pinnacle Group sold 244 Fieldston Terrace, Fieldston, Bronx for $4.6 million to Summit Properties on March 31, 2026.
• Pinnacle Group sold 1060 Union Street for $2.9 million to Summit Properties on March 31, 2026.
• Pinnacle Group sold 1179 President Street for $3.1 million to Summit Properties on March 31, 2026.
• Summit Properties borrowed $3.2 million from Flagstar Bank for 85 8th Avenue, Chelsea, Manhattan on March 31, 2026.
• Summit Properties borrowed $11 million from Flagstar Bank for 222 Lenox Road on March 31, 2026.
Latest Stories:
• Summit, Savanna pay $41.7M to Westbrook for office, retail in Midtown East (October 07, 2025)
• Pinnacle Group refis $52 million for 449 units in Manhattan and Brooklyn (September 27, 2021)
Properties: