The Croman name is back in the deal flow, featuring the next generation

The Croman name is playing in the Manhattan multifamily sandbox again, but this time the next generation is betting on the winning strategy. Jake and Adam Croman have quietly assembled a portfolio of small apartment buildings across Manhattan, leaning into rent-stabilized assets that much of the market has shunned since the 2019 Housing Stability and Tenant Protection Act upended the economics of value-add investing.  Their latest purchase, a five-story building at 118 Mulberry Street in Chinatown, is roughly half rent-stabilized, an eyebrow-raising acquisition at a time when many investors continue to avoid regulated housing. It’s a generational shift for a […]

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