Croman Real Estate

(Centennial Properties, Centennial Properties NY, 9300 Realty)

740 Broadway 2nd Floor New York, NY 10003

Croman Real Estate portfolio

$623.9 million – walkup 77%, elevator 9%; Manhattan 100%, Bronx 0%

89th largest portfolio by dollar value

1,592,237 sqft – walkup 78%, elevator 16%;

194th largest by SF

146 properties – Manhattan 100%, Bronx 0%

43th largest

2,500 residential units – Manhattan 100%, Bronx 0%

78th largest by residential units

4 foreclosures, 1 bankruptcy, 5 other court cases.

Company Activity past 24 months:

Buyer company: 0 for $0

Seller company: 3 for $35.8 million

Borrower company: 12 for $6.5 million

Lender company: 0 for $0

Developer (new building or major alteration): 0 for 0 square feet

Top Ten Associated Companies:

New York Community Bank (12), Dalan Real Estate (11), PIMCO (9), ABJ Properties (8), Gorjian Real Estate (8), Abdolkarim Yaghoubi (8), TARGO Capital Partners (2), Axos Bank (2), Robert Von Ancken (1), Cappi family (1)

Top Ten Associated People:

James Glassman (11), Benjamin Soleimani (8), Cobby Gorjian (8), Abdolkarim Yaghoubi (8), David Gleitman (2), Robert Von Ancken (1), Louis Ciniglio (1), Juan Barahona (1), Douglas Walerstein (1), John Feijoo (1)

Latest Stories:

• Dalan buys $113M in Croman debt of reported $140M, secured by rentals, mansion (December 11, 2024)

• Croman Real Estate sells 80-unit Hell’s Kitchen package for $20M, for affordable homeless housing (June 28, 2024)

• TARGO pays $8.1M to Croman for 10-unit walkup in Chelsea (March 18, 2024)

• Courts roundup: Foreclosure updates for Thor, Croman, Magnum (January 09, 2024)

• Robert Von Ancken pays $7.7M to Croman Real Estate for mixed-use in Hell’s Kitchen (February 23, 2023)

• ABJ, Gorjian Real Estate sign $46.3M loan for eight properties in Manhattan (July 27, 2022)

• ABJ Properties, Gorjian pay $18.35M to Steven Croman for two Manhattan walkups (July 12, 2022)

• Croman sells two LES walk-ups to TARGO Capital for $21.2M (January 05, 2022)

• Croman Real Estate borrows $18.65M from New York Community Bank for property in Clinton (May 28, 2020)

• Croman Real Estate borrows $24M from New York Community Bank to refi rental property in Manhattan (May 26, 2020)

Litigation:

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Properties:

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