Updated Nov 4, 2026
Chaim Drizin And Robert Fireworker Secures $54 Million Refinance Loan From Popular Bank
602 Crown Street
$54,000,000
$438/SF
Building Size
123,119 SF
Asset Type
MultiFamily
Closing
Oct 28, 2026
About this deal
AI
A refinancing loan of $54 million was secured for a 100-unit residential building located at 602 Crown Street in Crown Heights, Brooklyn. The property encompasses an asset type of MultiFamily with a total square footage of 123,119.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $54,000,000
- Address: 602 Crown Street
- Market: Crown Heights, Brooklyn
- Units: 100
- Lender: Popular Bank
- Landlord: Chaim Drizin & Robert Fireworker
- Loan Type: Refinance
Chaim Drizin and Robert Fireworker are the principal stakeholders in this transaction, responsible for managing the property and overseeing the refinancing process with Popular Bank.
On the Map
$54,000,000
$438/SF
MultiFamily
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Players
Crown MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93