1885 Atlantic Avenue

Owner: Jay Group

Acquired: March 31, 2022, $4.5 million

Debt: October 06, 2025, $36.2 million

Built: 2023

SF: 74,406

Dwelling units: 89

No. of buildings: 1

Class: Fireproof (Standard Construction Without Stores) (D3)

Transactions:

• Jay Group borrowed $36.2 million from Affinius Capital for 1885 Atlantic Avenue, Bedford Stuyvesant, Brooklyn on October 06, 2025.

• Jay Group borrowed $32.5 million from Bank of Princeton for 1885 Atlantic Avenue, Bedford Stuyvesant, Brooklyn on January 05, 2024.

• Speedway sold 1885 Atlantic Avenue, Bedford-Stuyvesant, Brooklyn for $4.5 million to Jay Group on March 31, 2022.

Development:

• Edward Kelly filed plans for A3 in Bedford Stuyvesant, Brooklyn, on January 03, 2024.

• Edward Kelly filed plans for alteration in Bedford Stuyvesant, Brooklyn, on January 03, 2024.

• Joel Kohn filed plans for alteration in Bedford Stuyvesant, Brooklyn, on July 06, 2023.

• Joel Kohn filed plans for A3 in Bedford Stuyvesant, Brooklyn, on February 21, 2023.

• Joel Kohn filed plans for A3 in Bedford Stuyvesant, Brooklyn, on September 12, 2022.

Violations:

According to city public data, the properties have received $50 in OATH penalties in the last year.