Pryor Cashman Represents Pinnacle Group in $31M Acquisition
Pryor Cashman represented Pinnacle Group in its recent purchase of a 112-unit rental building in Rego Park, Queens for $31.5 million.
Led by Senior Partner Ronald B. Kremnitzer, co-chair of Pryor Cashman’s Real Estate Group, and Partner Samson R. Bechhofer, the transaction closed on October 3, 2017.
Pinnacle, led by Joel Wiener, raised $120 million on the Tel Aviv Stock Exchange in April 2017. Its recent acquisitions include 218 25th Street, a 23-unit apartment building in Sunset Park, and 132-40, 133-17 Sanford Avenue, a pair of rental buildings in Flushing. The company is currently developing 30 East 31st Street, a 40-story condo building in Manhattan’s NoMad neighborhood.
More About Pryor Cashman's Real Estate Group
Pryor Cashman is an award-winning midsize firm that sees things differently. Our nationally-recognized Real Estate Group provides end-to-end counsel to clients buying, selling, developing, leasing and investing in properties in New York City and across the U.S. With decades of experience representing every type of stakeholder in the real estate market, we handle a vast and diverse range of transactions – and know how to creatively structure and efficiently close virtually any deal.
