689 Ocean Avenue

Flatbush, Brooklyn

Parcel ID (BBL): 3051240026

Acris records

Owner: Summit Properties

Acquired: April 20, 2026, $4.9 million

Debt: April 20, 2026, $3.9 million

Built: 1923

Renovated: 1982

SF: 61,272

Dwelling units: 60

No. of buildings: 1

Class: Semi-fireproof (Without Stores) (D1)

Floors: 6

HPD Ownership Registration Information

Last registered: 2026-05-12 (expires 2026-09-01)

Ernest Mcclain

Head Officer

1350 6th Avenue 1925 New York, NY, 10019

Flgsp 681 Ocean Ave Llc

Corporate Owner

1350 6TH AVE 1925 New York, NY, 10019

Nieuw Amsterdam Property Management

Agent

80 Fifth Avenue 1216 New York, NY, 10011

Edwin Centeno

Site Manager

Transactions:

• Summit Properties borrowed $3.9 million from Flagstar Bank for 681 Ocean Avenue, Flatbush, Brooklyn on April 20, 2026.

• Pinnacle Group sold 681 Ocean Avenue, Flatbush, Brooklyn for $4.9 million to Summit Properties on April 20, 2026.

• Pinnacle Group borrowed $6.4 million from New York Community Bank for 681 Ocean Avenue, Flatbush, Brooklyn on October 04, 2021.

Development:

• Ramandeep Singh filed alteration job B01398322 for 1 sqft RES building with 60 apartments in Flatbush, Brooklyn, on May 14, 2026.

• Joginder Singh filed alteration job B00756031 for 200 sqft building with 60 apartments in Flatbush, Brooklyn, on June 13, 2022.

• Isak Radoncic filed alteration job 340654269 for RES building with 60 apartments in Flatbush, Brooklyn, on January 07, 2019.

Litigation:

• Pinnacle Group on May 21, 2025, filed a $574.4 million bankruptcy 25-11050 for 681 Ocean Avenue that has creditor Flagstar Bank.

Violations:

According to city public data, the properties have received $5,000 in ECB penalties, 215 housing violations, and $4,575 in OATH penalties in the last year.