Yitzhak Pastreich Net Worth: Estimate and How It’s Calculated

Based on available public records, Yitzhak Pastreich's estimated net worth falls somewhere in the range of $1 million to $10 million, with a most-likely figure closer to the lower end of that range given the significant debt obligations now on record. Yitzchok Rokowsky net worth is a separate figure that can be assessed using similar public-record and debt-leverage principles. That range is wide for a reason: the public record shows a New York real estate operator with meaningful property exposure but also serious leverage, active litigation, and no self-disclosed financial statements. This is an informed estimate, not a confirmed figure.

Who Yitzhak Pastreich is (and why his wealth is hard to pin down)

Yitzhak Pastreich, also publicly known as Yitzhak Aron Pastreich and frequently referred to under the alias 'James' or 'Jim' Pastreich, is a New York-based real estate operator. He appears in public records as a principal of Pinetree Group and as the person behind Mariners Gate LLC, the borrowing entity tied to a six-story Chelsea retail property at 547-553 West 27th Street in Manhattan. He has also appeared in trust and litigation documents as a trustee of several irrevocable trusts alongside Menachem Mendl Pastreich, and in separate litigation involving One Civic Center LLC, an office building in Poughkeepsie, New York.

One immediate disambiguation point: 'Pastreich' in a real estate context can also refer to Mark Pastreich, the managing partner of Eagle-Riverview Group (founded 1999, also tied to One Civic Center Plaza in Poughkeepsie). Mark Pastreich is a different individual. The trusts documented in 2019 appellate records reference both names in connected but distinct roles, so it's easy to conflate them when searching. This article focuses specifically on Yitzhak (James/Jim) Pastreich and his documented connections to Pinetree Group and Mariners Gate LLC.

Why is his wealth hard to pin down? A few reasons. He operates through LLCs and trusts rather than as a named public company. He hasn't disclosed personal financial statements publicly. His real estate assets carry heavy debt, meaning gross property value tells you very little without knowing the equity position. And active litigation, including a $30 million foreclosure action filed by JPMorgan Chase in 2024, creates genuine uncertainty about what his balance sheet actually looks like right now.

How net worth estimates like this one are built

Estimating net worth for a private real estate operator follows a straightforward framework: identify assets (properties, business equity, trust interests), subtract known liabilities (mortgages, judgments, subordinate debt), and arrive at a net equity figure. The challenge is always data completeness. Here's what's actually on the public record for Pastreich and how each piece feeds into an estimate.

The Chelsea property and its debt stack

The most concrete asset-and-liability pairing in the record involves 547-553 West 27th Street in Chelsea, Manhattan. Mariners Gate LLC (tied to Yitzhak Pastreich) refinanced this property in April 2019 with a loan that grew into the $30 million JPMorgan Chase pre-foreclosure action filed in September 2024. On top of that, a subordinate $5 million loan from W Financial was recorded in August 2021. That's at least $35 million in debt tied to a single Chelsea property. The loan had been in default since July 1, 2023, and a credit modification had been attempted in December 2020, which signals the property's cash flow was already under stress before the formal default.

To get a net equity number from this property, you'd need to know its current market value. A six-story Chelsea retail building in today's market could plausibly be worth anywhere from $25 million to $45 million depending on occupancy, rent rolls, and cap rates. But even at the high end of that range, the $35 million debt stack leaves limited equity, and in a foreclosure scenario, the equity could be wiped out entirely.

Trust interests and litigation outcomes

Pastreich also appears as a trustee for multiple irrevocable trusts, including trusts FBO Samuel Pastreich and Eta Tzipporah Pastreich, and the Mark Pastreich Irrevocable Trust of 2012. A 2019 New York Appellate Division decision reduced a monetary award against Yitzhak to $330,873 in litigation involving those trusts. That figure is relatively modest but it illustrates that trust-related disputes can both add to and subtract from an individual's net worth depending on outcome, and that litigation exposure is a real variable here.

The One Civic Center connection

A 2018 New York court decision involves Yitzhak Aron Pastreich in litigation around One Civic Center LLC and One Civic Center Management LLC, tied to an office building in Poughkeepsie. Disputes centered on management, mismanagement, and funds related to that property. Any equity stake in that building would be an asset, but the litigation history and questions about management make it impossible to assign a clean value without access to the underlying operating financials.

Income vs. assets: what typically drives wealth in this sector

Real estate operators like Pastreich typically build wealth through two channels: equity appreciation in properties over time, and cash flow distributions from rents at the entity level. Both are real but both are also heavily influenced by leverage. A property acquired years ago with a lower loan balance could carry significant equity today even if the current debt looks scary. On the flip side, if a property was over-leveraged from the start or saw declining rental income (a real issue for retail in the post-2020 environment), the equity could be minimal or negative.

Pinetree Group, Pastreich's associated operating entity, isn't a publicly traded company and doesn't file public financials. Without knowing how many properties it manages, what the ownership percentages are, and what distributions have been paid to Pastreich personally, it's genuinely difficult to translate entity-level activity into a personal net worth figure. The PincusCo public records database links Pastreich to the Chelsea property and related financing structures, but those linkages are a starting point for research, not a complete picture.

Disclosures, red flags, and common myths to avoid

A few things to watch out for when you see other net worth figures for Yitzhak Pastreich floating around online.

• Gross property value is not net worth. If a source says 'Pastreich controls a $30 million property,' that doesn't mean he has $30 million in wealth. After the debt stack, the equity could be a fraction of that, or even negative.
• LLC and trust structures obscure personal ownership. Just because Mariners Gate LLC owns a property doesn't mean Pastreich owns 100% of Mariners Gate LLC. Ownership percentages are rarely public for private entities.
• Litigation outcomes matter. The $330,873 award against him in 2019, plus the personal guarantees he reportedly signed for the JPMorgan and W Financial loans, represent real personal financial exposure. That liability has to be subtracted from any asset estimate.
• The alias issue can cause mistaken attribution. Net worth figures that get attached to 'James Pastreich' or 'Jim Pastreich' may or may not refer to the same person. Context from court records (entity names, addresses, case numbers) is the only reliable way to confirm identity.
• No verified self-disclosure exists. There is no public interview, regulatory filing, or court document where Pastreich has stated his personal net worth. Any specific number you see without a sourced explanation is someone's estimate, including this one.

The foreclosure action is the single biggest red flag for any estimate made before September 2024. A $30 million default dramatically changes the liability side of the ledger. If that foreclosure proceeds and the property sells for less than the outstanding debt, Pastreich could face a deficiency judgment. Because he reportedly signed personal guarantees, that liability could follow him personally, not just the LLC.

Where to check and how to update this estimate

If you want to track Pastreich's financial picture as it evolves, here are the most reliable sources to monitor.

1. New York Courts e-filing system (NYSCEF): Search for 'Mariners Gate LLC' or 'Yitzhak Pastreich' to track the JPMorgan foreclosure case (index 850355/2024) and any related proceedings. Foreclosure outcomes, judgment amounts, and any deficiency rulings will appear here as the case progresses.
2. NYC Department of Finance ACRIS: This is the official recorded-document database for New York City real estate. You can search by address (547-553 West 27th Street) or entity name to track mortgage satisfactions, new liens, deed transfers, or additional encumbrances as they're filed.
3. New York State Division of Corporations: Search 'Mariners Gate LLC,' 'Pinetree Group,' and related entities to check registration status and any publicly listed principals.
4. PincusCo and similar commercial real estate databases: These aggregate public property and litigation records for New York City and are a useful first-pass tool, though they should always be cross-referenced against primary sources like ACRIS and NYSCEF.
5. Appellate Division decisions on Justia or Leagle: If any related litigation reaches the appellate level, decisions will be published and searchable. Past decisions in Pastreich v. Pastreich (2018, 2019) are already publicly accessible this way.

The most important update to watch for is the resolution of the JPMorgan foreclosure. If the property sells at auction and the proceeds fall short of the $30 million-plus debt, a deficiency judgment against Pastreich personally could substantially reduce his net worth or put it into negative territory. Conversely, if a refinancing or sale is completed at a value that clears the debt, his equity position could stabilize. Either outcome is possible as of mid-2026, and neither has been publicly confirmed.

Putting it all together: the honest estimate

Putting all of this together, a net worth range of $1 million to $10 million is the most defensible estimate based on what's publicly available as of May 2026. For readers specifically searching for Zvi Ryzman net worth, the same issue applies here: private-operator financing and litigation details can make published estimates highly uncertain. For context, you can also compare this estimate to what is commonly reported as ROI Shlomo net worth. The most likely figure sits in the $2 million to $5 million range, assuming the Chelsea property retains some positive equity and the foreclosure doesn't result in a large personal deficiency judgment. But that assumption is genuinely uncertain. This is a situation where the outcome of a single court case could shift the estimate by tens of millions of dollars in either direction.

For comparison, other private real estate figures operating in New York's Orthodox Jewish community and similar property sectors, such as those covered in related profiles on this site, often show net worth ranges that reflect similar patterns: significant gross asset values built through entity structures, offset by leverage that makes personal net worth harder to pinpoint without access to private financials. The transparency challenge isn't unique to Pastreich, but the active foreclosure action makes his situation more time-sensitive than most. For readers also searching about Efraim Grinberg net worth, note that the same issue applies: without verified filings, estimates rely on public record clues like assets, leverage, and litigation outcomes.