299 Alabama Avenue

Owner: Camber Property Group

Acquired: February 01, 2022, $107.5 million

Debt: October 10, 2024, $96.3 million

Built: 1975

SF: 153,588

Dwelling units: 195

No. of buildings: 3

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

Floors: 6

HPD Ownership Registration Information

Last registered: 2025-08-22 (expires 2026-09-01)

Transactions:

• Camber Property Group borrowed $96.3 million from Merchants Capital for 579 Blake Avenue, 592 Sutter Avenue, 330 Sheffield Avenue, and 350 Sheffield Avenue, East New York, Brooklyn on October 10, 2024.

• Camber Property Group borrowed $90 million from Merchants Bank of Indiana for 579 Blake Avenue and 350 Sheffield Avenue, East New York, Brooklyn on February 01, 2022.

• Omni New York sold 579 Blake Avenue and 350 Sheffield Avenue, East New York, Brooklyn for $107.5 million to Camber Property Group on February 01, 2022.

Development:

• Jozef Nikaj filed plans for alteration in East New York, Brooklyn, on May 14, 2025.

• Jozef Nikaj filed plans for alteration in East New York, Brooklyn, on May 14, 2025.

• Jozef Nikaj filed plans for alteration in East New York, Brooklyn, on May 14, 2025.

• Constantinos Ioannou filed plans for alteration in East New York, Brooklyn, on April 08, 2025.

• Constantinos Ioannou filed plans for alteration in East New York, Brooklyn, on April 08, 2025.

Violations:

According to city public data, the properties have received two DOB violations, $2,500 in ECB penalties, 95 housing violations, and $3,150 in OATH penalties in the last year.

Latest Stories:

• Camber Property signs $96.3M refi with Merchants Capital for four properties in East New York (October 11, 2024)

• Camber pays $107.5M to Omni New York for two elevator buildings in East New York (February 02, 2022)