2698 Atlantic Avenue

East New York, Brooklyn

Parcel ID (BBL): 3036890012

Acris records

Owner: Joel Schwartz

Acquired: June 09, 2022, $17 million

Debt: October 06, 2025, $68.8 million

Built: 2023

SF: 244,506

Dwelling units: 233

No. of buildings: 5

Class: Fireproof – With Stores (D6)

Floors: 14

Legacy BBLs: 3036890012

Transactions:

Joel Schwartz borrowed $68.8 million from Bank of America for 2700 Atlantic Avenue, East New York, Brooklyn on October 06, 2025.

Joel Schwartz borrowed $42 million from Golden Bridge Funding for 2700 Atlantic Avenue, East New York, Brooklyn on March 07, 2024.

Joel Schwartz borrowed $42 million from Cross River Bank for 2700 Atlantic Avenue, East New York, Brooklyn on May 02, 2023.

Montgomery Street Partners sold 2700 Atlantic Avenue, East New York, Brooklyn for $17 million to Invesco Real Estate on June 09, 2022.

Joel Schwartz sold 2700 Atlantic Avenue, East New York, Brooklyn for $17 million to Montgomery Street Partners on September 14, 2021.

Development:

Joel Schwartz filed new building job 340765602 for 158,730 sqft R-2 building with 227 apartments in East New York, Brooklyn, on September 14, 2020.

• Jerome Zwick filed alteration job B00996256 for 157,936 sqft building with 227 apartments in East New York, Brooklyn, on February 13, 2024.

• David Serby filed alteration job B00904135 for 50 sqft building with 0 apartments in East New York, Brooklyn, on July 17, 2023.

Joel Schwartz filed alteration job B00854203 for 18,300 sqft building with 0 apartments in East New York, Brooklyn, on May 03, 2023.

Joel Schwartz filed alteration job B00818807 for 1 sqft building with 227 apartments in East New York, Brooklyn, on January 26, 2023.

Joel Schwartz filed alteration job B00818773 for 1 sqft building with 227 apartments in East New York, Brooklyn, on January 26, 2023.

Violations:

According to city public data, the properties have received one housing violation in the last year.

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