Steve Croman’s sons find path in real estate
The sons of landlord Steve Croman are all grown up. Jake and Adam Croman have gotten into the real estate business and are following in their father’s footsteps by buying Manhattan multifamily, often partnering with fashion scion Jeremey Tahari. The Croman brothers’ most recent buy was a Chinatown five-story, 118 Mulberry Street, for $2.28 million. About half of units in the building are rent-stabilized, making it a curious bet when the city has capped rents in those units. But commercial rents in Manhattan are still growing, which can buoy revenue. The commercial unit on the ground floor is currently occupied […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Open-Air Centers Thrive As Enclosed Malls Expire
Indonesian Tycoon Mochtar Riady’s OUE REIT Boosts Stake In
Sydney Skyscraper In Deal Valued At $607 Million
2027 Kitchen Design Trends: Leading Indicators, Part
1:
2027 Kitchen Design Trends: Leading Indicators, Part
2
New Report Reveals Hidden Homeownership Costs For 30 U.S.
Cities
Data Centers Aren’t Crowding Out Construction, Except In Hot
Spots
Tov Enters The Furniture Rental Market With A Design-Forward
Approach
Long Island’s historic Oheka Castle finds buyer for $72M at
auction
J Scott: The House of Cards Is Going to Fall
Turning $12K in Rent Payments Into a $1.3M Real Estate
Portfolio
