Pinnacle Group obtained financing of $16M from New York Community Bank

Pinnacle Group through the entity 193 Street Realty Co., LLC as borrower signed a loan agreement with lender New York Community Bank valued at $15.9 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 125 residential units at 681 West 193rd Street in Washington Heights. The deal closed on August 20, 2019 and was recorded on September 12, 2019.
The property contains a total of 137,175 square feet of built space.
The average loan per unit is $127,136.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

Share this article