550 Ocean Avenue

Owner: Parkway Realty Associates

Debt: April 27, 2026, $5.7 million

Built: 1930

Renovated: 2006

SF: 51,300

Dwelling units: 38

No. of buildings: 1

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

Floors: 6

Transactions:

• Parkway Realty Associates borrowed $5.7 million from JPMorgan Chase for 550 Ocean Avenue, Flatbush, Brooklyn on April 27, 2026.

• Eric Miller borrowed $6.6 million from Santander Bank for 550 Ocean Avenue, Flatbush, Brooklyn on July 09, 2021.

Development:

• Eric Miller filed major alteration job B08039763 for 8,551 sqft RES building with 45 apartments in Flatbush, Brooklyn, on November 21, 2022.

• Bernard Miller filed major alteration job 301974139 for RES building with 43 apartments in Flatbush, Brooklyn, on June 30, 2005.

• Eric Miller filed alteration job B08053812 for 1,570 sqft J-2 building with 45 apartments in Flatbush, Brooklyn, on December 13, 2022.

• Bernard Miller filed alteration job 310300536 for RES building with 43 apartments in Flatbush, Brooklyn, on February 17, 2009.

Violations:

According to city public data, the properties have received $100 in OATH penalties in the last year.