Pinnacle Group obtained financing of $8M from New York Community Bank

Pinnacle Group through the entity 33 Street Realty Co., LLC as borrower signed a loan agreement with lender New York Community Bank valued at $7.9 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 65 residential units at 32-86 33 Street in Astoria. The deal closed on August 20, 2019 and was recorded on September 06, 2019.
The property contains a total of 48,500 square feet of built space.
The average loan per unit is $121,215.

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

Share this article