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132-35 Sanford Avenue

Nina Vaca Of Pinnacle Group Sells $128 Million Condo Portfolio To Tremada Holdings
SOLDCondo

Nina Vaca Of Pinnacle Group Sells $128 Million Condo Portfolio To Tremada Holdings

132-35 Sanford Avenue, 136-04 Cherry Avenue & 142-20 Franklin Avenue

Units

750

Asset Type

Condo

Closing

Aug 14, 2026

AI

A condominium portfolio located in New York City has been sold. The portfolio includes nearly 750 units, retail condominiums, and parking assets situated across the markets of Queens, Brooklyn, and Manhattan. The transaction was valued at $128 million.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $128 million
  • Seller: Nina Vaca
  • Seller's Agency: Pinnacle Group
  • Buyer: Entities linked to Tremada Holdings
  • Buyer's Affiliation: London-based William Pears Group
  • Market: Queens, Brooklyn & Manhattan

Nina Vaca represented the seller in this significant transaction through Pinnacle Group, while the entities associated with Tremada Holdings are linked to the London-based William Pears Group. The deal signifies a notable movement within the New York City real estate market.

Players

Nina Vaca

Broker

$65M

vol

2 deals

Broker

Nina Vaca

Pinnacle Group

Seller

$65M

vol

2 deals

Seller

Flushing Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93