Richard Ohebshalom

Pink Stone Capital Group

Owner

Pink Stone Capital Group NYC portfolio

$61.6 million* – elevator 97.0%, condo 2.0%; Brooklyn 97.0%, Manhattan 2.0%

1632th largest portfolio by dollar value

111,281 sqft – elevator 97%, condo 2%;

1819th largest by SF

5 properties – Manhattan 80%, Brooklyn 20%

1593th largest

104 residential units – Brooklyn 99%, Manhattan 0%

1444th largest by residential units

1 foreclosure, 0 bankruptcies, 1 other court case.

Top Ten Associated Companies:

CBO Funding (1), Fortress Investment Group (1), Prime Finance (1), Sidney Borenstein (1), Grubb Properties (1)

Top Ten Associated People:

Daryl Hagler, Leslie Westreich (1), Constantine “Dean” M. Dakolias (1), Sidney Borenstein (1), James M. Hochman (1)

Recent activity as signatory:

Pink Stone Capital Group borrowed $0 from Prime Finance for 172-184 Nassau Street, Downtown Brooklyn, Brooklyn on November 07, 2022.

Pink Stone Capital Group sold 111 Washington Street, Financial District, Manhattan for $89.2 million to Grubb Properties on September 24, 2021.

Pink Stone Capital Group sold 105 Washington Street, Financial District, Manhattan for $9.5 million to Sidney Borenstein on April 08, 2021.

Pink Stone Capital Group borrowed $6 million from CBO Funding for 105 Washington Street, Financial District, Manhattan on September 11, 2020.

Pink Stone Capital Group borrowed $80 million from Fortress Investment Group for 111 Washington Street, Financial District, Manhattan on September 11, 2020.

Latest Stories:

• Grubb Properties signs $67.5M refi with Maxim Capital for dev parcel in FiDi (May 23, 2024)

• Grubb Properties signs $45.1M refi loan with Naftali Credit Partners for 388-unit development in FiDi (August 11, 2023)

• Prime Finance buys $52M note secured by Pink Stone’s 103-unit rental in Downtown Brooklyn (November 08, 2022)

• Nonprofit pays $12.9M to Sid Borenstein for specialty in FiDi (June 29, 2022)

• Empire Management refis $35.6M with New York Community Bank for rentals in Manhattan (September 28, 2021)

• Grubb Properties acquires Pink Stone Capital’s 111 Washington in FiDi for $89.2M (September 24, 2021)

• Pink Stone Capital sells FiDi site for $9.5M (April 09, 2021)

• Carmel Partners borrows from Axos Bank against $80M Pink Stone loan in FiDi (November 17, 2020)

• Ohebshalom’s Pink Stone borrows $86M from Fortress, Alwest, others secured by FiDi development site (September 14, 2020)

• Richard Ohebshalom buys out father’s stake at FiDi dev site valued at $57.7M (September 10, 2020)

Court Records:

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*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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