Crown Acquisitions
Crown Acquisitions portfolio
$671.6 million – office 74%, condo 17%; Manhattan 87%, Brooklyn 12%
79th largest portfolio by dollar value
1,104,892 sqft – condo 44%, office 40%;
305th largest by SF
8 properties – Manhattan 62%, Brooklyn 37%
149th largest
107 residential units – Manhattan 96%, Brooklyn 3%
691th largest by residential units
1 foreclosure, 0 bankruptcies, 2 other court cases.
Company Activity past 24 months:
Buyer company: 1 for $7.7 million
Seller company: 3 for $67.8 million
Borrower company: 1 for $5 million
Lender company: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
East West Bank (2), Daniel Millner (2), 20 East 74th Street cooperative (1), Nancy Glassman (1), Raymond Dayan (1), John Tieri (1), Samuel Brach (1), Niarchos family (1), EMS Capital (1), Kourosh Nasab (1)
Top Ten Associated People:
Franz Hefti (1), Nancy Glassman (1), Raymond Dayan (1), John Tieri (1), Janny Cheung (1), Samuel Brach (1), Claus Zellner (1), Edmond M. Safra (1), Anastasios Vasilakos (1), David Yeroshalmi (1)
Latest Stories:
• EMS Capital pays $19.5M to Crown Acquisitions for retail leasehold in SoHo (September 10, 2024)
• Samuel Brach pays $10.3M to Crown Acquisitions for Bensonhurst retail flip (September 05, 2023)
• Crown Acquisitions pays $7.7M for retail in Bensonhurst (July 07, 2023)
• Crown Acquisitions as tenant signs 48-year master lease for Lenox Hill retail (September 28, 2022)
• Crown Acquisitions sells retail in Bay Ridge to Anastasios Vasilakos for $14.8M (July 12, 2021)
• Crown Acquisitions acquires interest in 453 Broome Street valued at $17M (April 22, 2020)
• Chera family’s Crown Acquisitions sells Sheepshead Bay retail for $10.3M (October 24, 2019)
Litigation: