Joseph Popack refis $8M with Capital One for 124 units in Crown Heights

Joseph Popack through the entity 5712 Realty LLC as borrower signed a loan agreement with lender Capital One, National Association valued at $8.0 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 124 residential units at 712 Crown Street in Crown Heights. The deal closed on November 12, 2020 and was recorded on December 15, 2020.
The property contains a total of 127,950 square feet of built space.
The average loan per unit is $64,113.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $142,820.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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