Ocean Park Apartments | The Real Deal New York

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Ocean Park Apartments

125 Beach 17th Street
Far Rockaway, NY 11691
Residential, Leasing/Rental, Multifamily

Ocean Park Apartments is a two-tower, 26-story, 602-unit, federally-subsidized housing complex in Far Rockaway, Queens. The development was erected in 1971 under New York City's Mitchell Lama Program. The beachfront property, at 125 Beach 17th Street and 120 Beach 19th Street, is built on a three-acre site that also includes gardens, playgrounds, and a swimming pool. The complex is a 236-insured mortgage property with low income tax credits, providing housing to moderate and low-income families. In 2005, Related Companies acquired the complex from the Ocean Park Company. That same year, in exchange for tax-exempt financing, Related Companies agreed to extend the property's affordability for another 40 years. The site also contains two single story commercial buildings located at 1721-1731 Seagirt Boulevard.

-MK

  • Address 125 Beach 17th Street
  • neighborhood Far Rockaway
  • borough Queens
  • owner Related Companies
  • owner entity OCEAN PARK ACQUISITI
  • floors 26
  • Year Built 1971
  • residential units 602
  • total units 602
  • square feet 837,934
  • block and lot 4-15638-0001
  • BIN 4436178

12/24/18
...Further afield, Related also owns the 26-story, 602-unit Ocean Park Apartments complex in Far Rockaway. Blackstone confirmed TRD’s data. Cammeby's declined to comment, while...

03/05/10
...David Workman (not pictured) sued Related Companies over Ocean Park Apartments in Far Rockaway. Jeff Blau (bottom left), is president of Related. Two real estate...