1826 Cortelyou Road

Owner: Summit Properties

Acquired: April 24, 2026, $3.5 million

Debt: April 24, 2026, $2.6 million

Built: 1928

SF: 45,540

Dwelling units: 42

No. of buildings: 1

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

Floors: 6

Transactions:

• Summit Properties borrowed $2.6 million from Flagstar Bank for 1820 Cortelyou Road, Flatbush, Brooklyn on April 24, 2026.

• Pinnacle Group sold 1820 Cortelyou Road, Flatbush, Brooklyn for $3.5 million to Summit Properties on April 24, 2026.

Development:

• Isak Radoncic filed alteration job 320939810 for RES building with 42 apartments in Flatbush, Brooklyn, on April 09, 2014.

Litigation:

• Pinnacle Group on May 21, 2025, filed a $574.4 million bankruptcy 25-11050 for 1820 Cortelyou Road that has creditor Flagstar Bank.

• Flagstar Bank filed a $296.9 million pre-foreclosure 509749/2025 on March 22, 2025, against Pinnacle Group and Joel Wiener at 1820 Cortelyou Road.

Violations:

According to city public data, the properties have received $1,250 in ECB penalties and $8,000 in OATH penalties in the last year.