1632 Ocean Avenue

Owner: Babad Management

Debt: October 19, 2022, $13.5 million

Built: 1929

SF: 100,610

Dwelling units: 98

No. of buildings: 2

Class: Semi-Fireproof With Stores (D7)

Floors: 6

Transactions:

• Babad Management borrowed $13.5 million from New York Community Bank for 1640 Ocean Avenue and 1620 Ocean Avenue, Midwood, Brooklyn on October 19, 2022.

Development:

• Garry Flamenbaum filed plans for A3 in Midwood, Brooklyn, on April 14, 2011.

• Dennis Clarke filed plans for A3 in Midwood, Brooklyn, on April 06, 2012.

Violations:

According to city public data, the properties have received 67 housing violations and $2,100 in OATH penalties in the last year.