Pinnacle Group in contract to buy Flushing rental for $26M

Joel Wiener’s Pinnacle Group is in contract to buy a six-story rent-stabilized apartment building in Flushing for $26 million, according to bondholder presentation materials from the company. The 73,907-square-foot property at 136-04 Cherry Avenue includes 76 residential and six retail units totaling 6,700 square feet. Pinnacle expects to close on the property in the first […]