3051 Atlantic Avenue

Owner: Joel Schwartz

Acquired: April 11, 2023, $2.1 million

Debt: May 05, 2026, $23 million

Built: 2024

Renovated: 2024

SF: 38,688

Dwelling units: 48

No. of buildings: 2

Class: Semi-Fireproof With Stores (D7)

Floors: 12

HPD Ownership Registration Information

Last registered: 2026-02-19 (expires 2026-09-01)

Transactions:

• Joel Schwartz borrowed $23 million from Ponce Bank for 3051 Atlantic Avenue, Cypress Hills, Brooklyn on May 05, 2026.

• Joel Schwartz borrowed $17.5 million from Yakar Partners for 3051 Atlantic Avenue, Cypress Hills, Brooklyn on March 13, 2025.

• Joel Schwartz borrowed $12.5 million from Yakar Partners for 3051 Atlantic Avenue, Cypress Hills, Brooklyn on February 05, 2025.

• Freida Vita Lo Bello estate sold 3051 Atlantic Avenue, Cypress Hills, Brooklyn for $2.1 million to Joel Schwartz on April 11, 2023.

Development:

• Barry Wagschal filed new building job B00735907 for 34,153 sqft R-2 building with 49 apartments in Cypress Hills, Brooklyn, on May 13, 2022.

• Jerome Zwick filed alteration job B01111125 for 34,484 sqft building with 49 apartments in Cypress Hills, Brooklyn, on October 07, 2024.

• Jerome Zwick filed alteration job B01113968 for 1 sqft building with 0 apartments in Cypress Hills, Brooklyn, on September 26, 2024.

• Jerome Zwick filed alteration job B01114052 for 1 sqft building with 0 apartments in Cypress Hills, Brooklyn, on September 26, 2024.

• Jerome Zwick filed alteration job B01113781 for 1 sqft building with 0 apartments in Cypress Hills, Brooklyn, on September 23, 2024.

• Jerome Zwick filed alteration job B01113976 for 1 sqft building with 0 apartments in Cypress Hills, Brooklyn, on September 23, 2024.

Violations:

According to city public data, the properties have received one DOB violation, $2,500 in ECB penalties, and $6,150 in OATH penalties in the last year.

Latest Stories:

• Developer Joel Schwartz pays $2.1M for 49-unit dev site in Cypress Hills (April 12, 2023)