N.Y Real Estate - In the midst of a citywide housing crisis, a notorious Harlem landlord has put 22 buildings on W. 109th Street up for sale.
The buildings, which the Pinnacle Group acquired in September 2005, are located between Columbus Ave. and Broadway and include 384 residential units. According to the listing on real estate information provider Eastern Consolidate’s Web site, Pinnacle is seeking a single buyer for the group of buildings, and “only offers for the entire portfolio are being considered at this time.”
The Pinnacle Group, which owns a reported 21,000 apartments throughout the city, has been referred to frequently as a contributor to gentrification in Upper Manhattan.
New York City 2010
