1535 Ocean Avenue
Midwood, Brooklyn
Parcel ID (BBL): 3076020022
Owner: Summit Properties
Acquired: April 23, 2026, $3.8 million
Debt: April 23, 2026, $2.7 million
Built: 1924
SF: 43,120
Dwelling units: 44
No. of buildings: 1
Class: Over Six Families Without Stores (C1)
Floors: 4
HPD Ownership Registration Information
Last registered: 2026-04-23 (expires 2026-09-01)
Ernest Mcclain
Head Officer
1350 6th Avenue 1925 New York, NY, 10019
Flgsp 1535 Ocean Ave Llc
Corporate Owner
1350 6th Avenue 1925 New York, NY, 10019
Nieuw Amsterdam Property Management
Agent
80 Fifth Ave 1216 New York, NY, 10011
Jamie Lawler
Site Manager
Transactions:
• Summit Properties borrowed $2.7 million from Flagstar Bank for 1535 Ocean Avenue, Midwood, Brooklyn on April 23, 2026.
• Pinnacle Group sold 1535 Ocean Avenue, Midwood, Brooklyn for $3.8 million to Summit Properties on April 23, 2026.
• Pinnacle Group borrowed $5.2 million from New York Community Bank for 1535 Ocean Avenue, Midwood, Brooklyn on February 16, 2022.
Litigation:
• Pinnacle Group on May 21, 2025, filed a $574.4 million bankruptcy 25-11050 for 1535 Ocean Avenue that has creditor Flagstar Bank.
• Flagstar Bank filed a $296.9 million pre-foreclosure 509749/2025 on March 22, 2025, against Pinnacle Group and Joel Wiener at 1535 Ocean Avenue.
Violations:
According to city public data, the properties have received $1,000 in OATH penalties and one housing litigation in the last year.