Richard Ohebshalom

Pink Stone Capital Group

Owner

Pink Stone Capital Group NYC portfolio

$61.6 million* – elevator 97%, condo 2%; Brooklyn 97%, Manhattan 2%

1647th largest portfolio by dollar value

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

1829th largest by SF

2 properties – Manhattan 80%, Brooklyn 20%

3053th largest

104 residential units – Brooklyn 99%

1465th largest by residential units

1 foreclosure, 0 bankruptcies, 1 other court case.

Top Ten Associated Companies:

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

Top Ten Associated People:

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

Recent activity as signatory:

Pink Stone Capital Group borrowed $0 from Prime Finance for 172-184 Nassau Street, Downtown Brooklyn, Brooklyn on September 29, 2022.

Pink Stone Capital Group sold 111 Washington Street, Financial District, Manhattan for $89.2 million to Grubb Properties on September 10, 2021.

Pink Stone Capital Group sold 105 Washington Street, Financial District, Manhattan for $9.5 million to Sidney Borenstein on March 25, 2021.

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

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

Richard Ohebshalom filed plans for new building for 340,376 sqft in Financial District, Manhattan, on December 11, 2014.

Latest Stories:

• March foreclosure auction set for Pink Stone DoBro rental with $58M judgment (February 07, 2025)

• 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)

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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