Ocean Park

In May of 2025, Tredway acquired Ocean Park Apartments, a 602-unit, family-designated property located at 125 Beach 17th Street in the Far Rockaway section of Queens. Concurrent with the acquisition, Tredway entered into a new regulatory agreement with the New York City Department of Housing Preservation & Development (HPD) to bring all units into rent stabilization and extend the affordability of 423 units at 60% AMI and 179 units at 80% AMI, preventing substantial imminent rent increases.