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%

95th largest portfolio by dollar value

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

204th largest by SF

146 properties – Manhattan 100%, Bronx 0%

55th largest

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

84th largest by residential units

4 foreclosures, 1 bankruptcy, 5 other court cases.

Company Activity past 24 months:

Buyer company: 1 for $5 million

Seller company: 3 for $35.8 million

Borrower company: 14 for $6.5 million

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), Cantor Fitzgerald (2), Series 2024-AHP1 (2)

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), Sheldon Glassman (1), Juan Barahona (1), Douglas Walerstein (1)

Recent activity as company:

Croman Real Estate borrowed $0 from Cantor Fitzgerald and Series 2024-AHP1 for 1590 Lexington Avenue, East Harlem, Manhattan on January 23, 2025.

Croman Real Estate borrowed $0 from Cantor Fitzgerald and Series 2024-AHP1 for 212/214 East 105th Street, East Harlem, Manhattan on January 23, 2025.

Croman Real Estate borrowed $0 from Dalan Real Estate for 1982 3rd Avenue, 1978 3rd Avenue, and 1980 3rd Avenue, East Harlem, Manhattan on December 10, 2024.

Croman Real Estate borrowed $0 from Dalan Real Estate for 14 East 72nd Street, Lenox Hill, Manhattan on December 10, 2024.

Croman Real Estate borrowed $0 from Dalan Real Estate for 2154 2nd Avenue, East Harlem, Manhattan on December 10, 2024.

Croman Real Estate borrowed $0 from Dalan Real Estate for 420-424 West 51st Street, Hell’s Kitchen, Manhattan on December 10, 2024.

Croman Real Estate borrowed $0 from Dalan Real Estate for 44 Avenue B, Alphabet City, Manhattan on December 10, 2024.

Croman Real Estate borrowed $0 from Dalan Real Estate for 326-340 East 100th Street, 151 Rivington Street, and 153 Rivington Street, East Harlem, Manhattan on December 10, 2024.

Croman Real Estate borrowed $0 from Dalan Real Estate for 340 East 58th Street, Sutton Place, Manhattan on December 10, 2024.

Croman Real Estate borrowed $0 from Dalan Real Estate for 221 Mott Street, Nolita, Manhattan on December 10, 2024.

Latest Stories:

• Dalan buys just under $140M in Croman debt, secured by rentals, mansion (December 11, 2024)

• Maverick by auction acquires Steven Croman’s Kips Bay rentals with $43M judgment (November 17, 2024)

• Croman Kips Bay rentals with $34M debt set for auction following bankruptcy (November 01, 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)

• Tahari Capital, partners, pay $5M for 10-unit rental in East Harlem (July 10, 2023)

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

• Steve Croman, pressured by Maverick, puts $30M Kips Bay rentals in bankruptcy (December 01, 2022)

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

Court Records:

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Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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