214 East 25 Street
Kips Bay, Manhattan
Parcel ID (BBL): 1009050050
Owner: Maverick Real Estate Partners
Debt: March 31, 2026, $20 million
Built: 1930
SF: 10,260
Dwelling units: 20
No. of buildings: 1
Class: Old Law Tenements (C4)
Floors: 5
Transactions:
• Maverick Real Estate Partners borrowed $20 million from JPMorgan Chase for 214 East 25th Street, 210 East 25th Street, 212 East 25th Street, and 208 East 25th Street, Kips Bay, Manhattan on March 31, 2026.
• Maverick Real Estate Partners on August 19, 2021 bought a loan with an original principal of $25 million from BankUnited, signed by Juan Bustabad, secured by 214 East 25th Street, 212 East 25th Street, 210 East 25th Street, and 208 East 25th Street, Kips Bay, Manhattan, when owned by Croman Real Estate.
Development:
• Hpd Representative filed alteration job M00408839 for 3,000 sqft building with 20 apartments in Kips Bay, Manhattan, on November 05, 2020.
• Narinder Kaur filed alteration job M00398696 for 1,500 sqft building with 20 apartments in Kips Bay, Manhattan, on September 14, 2020.
• Steven Croman filed alteration job 140916445 for RES building with 20 apartments in Kips Bay, Manhattan, on June 22, 2020.
• Steven Croman filed alteration job 140708759 for RES building with 20 apartments in Kips Bay, Manhattan, on October 19, 2017.
• Steven Croman filed alteration job 122526855 for RES building with 22 apartments in Kips Bay, Manhattan, on October 05, 2015.
Litigation:
• Maverick Real Estate Partners filed a $25 million pre-foreclosure 850189/2021 on August 13, 2021, against Croman Real Estate and Steven Croman at 214 East 25 Street.
Violations:
According to city public data, the properties have received nine housing violations and $180 in OATH penalties in the last year.