Pinnacle Group is a real estate management firm run by Joel Saul Wiener. For years it was one of the largest owners of properties in Brooklyn and the Bronx, bolstered by deals with Praedium Group and a buying spree, spending hundreds of millions between 2004 and 2006. Pinnacle has remained one of the citys most active condo developers, with a continued focus on rent-stabilized housing. The firm has had its share of legal troubles. In 2006 it was the subject of a criminal investigation by the Manhattan district attorney over allegations that it violated rent-stabilization laws, allegations which also drew scrutiny from local politicians and tenant advocacy groups. The firm also has been accused of jacking rents and posting fake eviction notices in some of its buildings. Trouble has died down but not gone away completely for Pinnacle. In 2011 Pinnacle settled a class-action lawsuit by Bronx tenants who claimed they were overcharged. Pinnacle also has been sued by other real estate companies, as in 2013, when Meadow Partners alleged Pinnacle had hampered the sale of a portfolio of nine Upper Manhattan buildings in order to buy them back at a discount.
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1 Penn Plaza, Suite 4000, New York, NY
- Event Sales
- Address 485 Ninth Avenue
- Neighborhood Hudson Yards
- Borough Manhattan
- Price $ 84,000,000
- Publication Date 12/16/2018
- Event Date 12/11/2018
- Party 1 David Israeli
- Party 2 Pinnacle Group
- Event Financing
- Address 323 West 96th Street
- Neighborhood Upper West Side
- Borough Manhattan
- Square feet 133,697
- Price $ 66,000,000
- Publication Date 07/16/2018
- Event Date 07/10/2018
- Party 1 Pinnacle Group
- Party 2 Mishmeret Trust
- Event Sales
- Address 97-25 64th Avenue
- Neighborhood Rego Park
- Borough Queens
- Square feet 98,000
- Price $ 31,000,000
- Publication Date 10/30/2017
- Event Date 10/24/2017
- Party 1 Oregon Realty Company
- Party 2 Pinnacle Group
- Event Sales
- Address 323-335 West 96th Street
- Neighborhood Upper West Side
- Borough Manhattan
- Square feet 133,700
- Price $ 27,000,000
- Price per foot $ 201.94
- Publication Date 03/01/2016
- Event Date 01/01/2016
- Party 1 Pinnacle Group
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Robert Knakal, Hall Oster, Jonathan Hageman
- Party 2 Beacon NY
- Event Sales
- Address 142-20 Franklin Avenue
- Neighborhood Flushing
- Borough Queens
- Square feet 134,000
- Price $ 43,000,000
- Price per foot $ 320.90
- Publication Date 03/01/2016
- Event Date 01/01/2016
- Party 1 Apple Core Holdings
- Party 2 Pinnacle Group
- Event Residential Sales
- Building Name 775 Riverside Drive
- Address Unit 1F, 775 Riverside Drive
- Unit 1F
- Neighborhood Washington Heights
- Borough Manhattan
- Square feet 636
- Price $ 354,900
- Price per foot $ 558.02
- Publication Date 02/29/2016
- Event Date 02/09/2016
- Party 1 Pinnacle Group
- Party 1 Entity 775 Realty Co. LLC
- Event Residential Sales
- Building Name 750 Riverside Drive
- Address Unit 1E, 750 Riverside Drive
- Unit 1E
- Neighborhood Hamilton Heights
- Borough Manhattan
- Square feet 748
- Price $ 396,474
- Price per foot $ 530.05
- Publication Date 02/22/2016
- Event Date 01/26/2016
- Party 1 Pinnacle Group
- Party 1 Entity 750 Realty Co. LLC
- Party 2 Zhu, Lei
- Event Residential Sales
- Building Name 775 Riverside Drive
- Address Unit 1C, 775 Riverside Drive
- Unit 1C
- Neighborhood Washington Heights
- Borough Manhattan
- Square feet 907
- Price $ 505,986
- Price per foot $ 557.87
- Publication Date 01/08/2016
- Event Date 12/21/2015
- Party 1 Pinnacle Group
- Party 1 Entity 775 Realty Co. LLC
- Party 2 Liu, Katharine; Liu, Lily
- Event Residential Sales
- Building Name 750 Riverside Drive
- Address Unit 1B, 750 Riverside Drive
- Unit 1B
- Neighborhood Hamilton Heights
- Borough Manhattan
- Square feet 509
- Price $ 300,144
- Price per foot $ 589.67
- Publication Date 12/18/2015
- Event Date 12/11/2015
- Party 1 Pinnacle Group
- Party 1 Entity 750 Realty Co. LLC
- Party 2 Chiu, Wai; So, Siu
- Event Sales
- Address 12205 Flatlands Avenue
- Neighborhood East New York
- Borough Brooklyn
- Square feet 318
- Price $ 53,000,000
- Price per foot $ 166,666.67
- Publication Date 07/01/2015
- Event Date 05/22/2015
- Party 1 Taconic Investment Partners, Ares Management
- Party 1 Brokerage Rosewood Realty Group
- Party 1 Broker Aaron Jungreis
- Party 2 Pinnacle Group
- Event Sales
- Address 143 Linden Street 2513 Newark Avenue 416, 422 East 17th Street 1617 President Street 233 East 77th Street 237 West 18th Street 349 East 51st St
- Neighborhood Midtown
- Borough Brooklyn
- Price $ 32,000,000
- Publication Date 03/01/2015
- Event Date 01/15/2015
- Party 1 Praedium Group
- Party 2 Pinnacle Group
- Event Sales
- Address Manhattan portfolio
- Neighborhood SoHo
- Borough Manhattan
- Price $ 53,000,000
- Publication Date 04/01/2012
- Event Date 02/16/2012
- Party 1 Pinnacle Group, Praedium
- Party 1 Brokerage Massey Knakal Realty Services
- Party 1 Broker Robert Knakal, Hall Oster
- Party 2 Treetop Development
- Event Sales
- Address 926 Amsterdam Avenue
- Neighborhood Upper West Side
- Borough Manhattan
- Price $ 53,000,000
- Publication Date 04/01/2012
- Event Date 02/21/2012
- Party 1 Pinnacle Group, Praedium
- Party 1 Brokerage Massey Knakal Realty Services
- Party 1 Broker Robert Knakal, Hall Oster
- Party 2 Treetop Development
- Event Sales
- Address East Harlem portfolio
- Borough Manhattan
- Price $ 26,900,000
- Publication Date 03/01/2010
- Event Date 01/20/2010
- Party 1 Pinnacle Group, Praedium Group
- Party 1 Brokerage Massey Knakal Realty Services
- Party 1 Broker Shimon Shkury
- Event Sales
- Address 323 West 96th Street
- Neighborhood Upper West Side
- Borough Manhattan
- Square feet 171,988
- Price $ 74,000,000
- Price per foot $ 430.26
- Publication Date 09/01/2007
- Event Date 07/23/2007
- Party 1 Shaya Boymelgreen, Boymelgreen Developers
- Party 1 Brokerage GFI Realty Services
- Party 1 Broker Aaron Jungreis, David Berger
- Party 2 Joel Weiner, Pinnacle Group
- Event Sales
- Address Harlem and Upper West Side
- Borough Manhattan
- Price $ 500,000,000
- Publication Date 10/01/2005
- Event Date 08/22/2005
- Party 1 Baruch Singer
- Party 1 Brokerage Georgia Malone & Company
- Party 2 JV of Pinnacle Group, Praedium Fund
915 REALTY LLC
17 REALTY LLC
43-60 BAYCHESTER LLC
481 EASTERN LLC
481 EASTERN LLC
481 EASTERN LLC
1617 REALTY LLC
241 REALTY CO., LLC
607 RUGBY LLC
607 RUGBY LLC
81 SEAMAN REALTY LLC
426 EAST 22 ST LLC
1362 OCEAN LLC
34 AVENUE REALTY CO., LLC
33 STREET REALTY CO., LLC
3155 REALTY LLC
1554 OCEAN LLC
1171 PRESIDENT LLC
1038 REALTY LLC
JORALEMON REALTY NY LLC
932 CARROLL LLC
HEATH REALTY LLC
30 ROAD REALTY CO., LLC
28-30 ARGYLE LLC
28-30 ARGYLE LLC
185-189 AUDUBON LLC
330 REALTY NY LLC
85 CLARKSON LLC
706 REALTY NY LLC
1060 REALTY LLC
1048 REALTY LLC
1042 REALTY LLC
FLUSHING REALTY NY LLC
457 SCHENECTADY LLC
1535 OCEAN LLC
1601 REALTY LLC
1597 REALTY LLC
94-06 34TH AVENUE REALTY CO., LLC
233 REALTY NY LLC
405 REALTY LLC
FOREST PARKWAY REALTY CO., LLC
86-06 35 AVENUE REALTY CO., LLC
85-05 35 AVENUE REALTY CO., LLC
237 REALTY NY LLC
1280 REALTY NY LLC
916 CARROLL ST LLC
FIELDSTONE NY LLC
40-35 HAMPTON LLC
40-15 HAMPTON LLC
2186 REALTY NY LLC
72-15 REALTY CO. LLC
143 REALTY NY LLC
2513 NEWKIRK LLC
529 EAST 22 LLC
3301 FARRAGUT LLC
349 REALTY NY LLC
63-94 AUSTIN REALTY, LLC
902 44TH STREET REALTY CO., LLC
681 OCEAN LLC
175 REALTY LLC
175 REALTY LLC
938 54TH STREET REALTY CO., LLC
2400 REALTY NY LLC
BOWNE LLC
94-06 34TH ROAD REALTY CO., LLC
292 ST. JOHNS LLC
2102 REALTY LLC
307 12 ST LLC
1296 REALTY LLC
84 ASSOCIATES NY LLC
Pinnacle Group, 660 REALTY CO. LLC
Pinnacle Group, 680 RIVERSIDE REALTY CO. LLC
Pinnacle Group, 835 RIVERSIDE REALTY CO. LLC
Pinnacle Group, 601 CROWN LLC
Praedium Group | North End Equities, GOLD & YORK DEVELOPMENT LLC
Pinnacle Group, 961 WASHINGTON AVENUE
Pinnacle Group, 690 REALTY CO. LLC
Pinnacle Group, 700 REALTY CO., LLC
Pinnacle Group, GOLDMONT HOLDINGS LLC & 63-67 REALTY LLC
Pinnacle Group, 668 REALTY CO. LLC
Pinnacle Group, 801 REALTY CO., LLC
Pinnacle Group, 812 RIVERSIDE REALTY CO., LLC
Pinnacle Group, 807 REALTY CO., LLC
GOLDMONT REALTY, RIVERSITE APARTMENTS LLC
ONE PENN PLAZA, 894 RIVERSIDE NY ASSOCIATES LLC
Pinnacle Group, 725 REALTY CO. LLC
ONE PENN PLAZA, 635 RIVERSIDE DRIVE NY LLC
Pinnacle Group, WEST 30TH REALTY LLC
Pinnacle Group, 601 CROWN LLC
Pinnacle Group, 961 WASHINGTON AVENUE