1362 Ocean Avenue
Midwood, Brooklyn
Parcel ID (BBL): 3067030073
Built: 1923
SF: 37,700
Dwelling units: 48
No. of buildings: 1
Class: Over Six Families Without Stores (C1)
Floors: 4
Transactions:
• Summit Properties borrowed $3.3 million from Flagstar Bank for 1362 Ocean Avenue, Midwood, Brooklyn on April 22, 2026.
• Pinnacle Group sold 1362 Ocean Avenue, Midwood, Brooklyn for $4 million to Summit Properties on April 22, 2026.
• Pinnacle Group borrowed $5.1 million from New York Community Bank for 1362 Ocean Avenue, Midwood, Brooklyn on February 11, 2022.
Development:
• Inderjit Singh filed alteration job B01074292 for 200 sqft building with 48 apartments in Midwood, Brooklyn, on June 29, 2024.
• Eddie Ljesnjanin filed alteration job B01022721 for building in Midwood, Brooklyn, on March 29, 2024.
• Samita Singh filed alteration job B01008465 for 1,000 sqft RES building with 48 apartments in Midwood, Brooklyn, on March 20, 2024.
• Mandeep Kaur filed alteration job B00999809 for 200 sqft building with 48 apartments in Midwood, Brooklyn, on February 05, 2024.
• Eddie Ljesnjanin filed alteration job 340408419 for R-2 building with 48 apartments in Midwood, Brooklyn, on August 03, 2016.
Litigation:
• Pinnacle Group on May 21, 2025, filed a $574.4 million bankruptcy 25-11050 for 1362 Ocean Avenue that has creditor Flagstar Bank.
• Pinnacle Group on May 21, 2025, filed a $574.4 million bankruptcy 25-11050 for 1362 Ocean Avenue that has creditor Flagstar Bank.
• Pinnacle Group on May 21, 2025, filed a $574.4 million bankruptcy 25-11050 for 1362 Ocean Avenue that has creditor Flagstar Bank.
• Pinnacle Group on May 21, 2025, filed a $574.4 million bankruptcy 25-11050 for 1362 Ocean Avenue that has creditor Flagstar Bank.
• Pinnacle Group on May 21, 2025, filed a $574.4 million bankruptcy 25-11050 for 1362 Ocean Avenue that has creditor Flagstar Bank.
Violations:
According to city public data, the properties have received $3,250 in OATH penalties and five housing litigations in the last year.