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
About this deal
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.
On the Map
Condo
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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