351 West 45 Street

Owner: Smj Development

Acquired: June 28, 2024, $20 million

Debt: July 10, 2025, $30.2 million

Built: 1920

Renovated: 1987

SF: 39,736

Dwelling units: 80

No. of buildings: 4

Class: Over Six Families With Stores (C7)

Floors: 5

HPD Ownership Registration Information

Last registered: 2025-06-12 (expires 2026-09-01)

Transactions:

• SMJ Development and Services for the UnderServed borrowed $30.2 million from Webster Bank for 351-357 West 45th Street, Hell’s Kitchen, Manhattan on July 10, 2025.

• SMJ Development borrowed $19.8 million from Webster Bank for 351-357 West 45th Street, Hell’s Kitchen, Manhattan on July 03, 2025.

• SMJ Development and Services for the UnderServed borrowed $19.2 million from Enterprise Community Partners for 351-357 West 45th Street, Hell’s Kitchen, Manhattan on June 28, 2024.

• Croman Real Estate sold 351-357 West 45th Street, Hell’s Kitchen, Manhattan for $20 million to SMJ Development and Services for the UnderServed on June 28, 2024.

• Croman Real Estate borrowed $18.5 million from Axos Bank for 357 West 45th Street, Midtown West, Manhattan on April 01, 2020.

Development:

• Drew Popkin filed major alteration job M01055186 for 13,586 sqft RES building with 20 apartments in Hell’s Kitchen, Manhattan, on September 20, 2024.

• Drew Popkin filed major alteration job M01037640 for 10,042 sqft R-2 building with 20 apartments in Hell’s Kitchen, Manhattan, on September 20, 2024.

• Drew Popkin filed alteration job M01275026 for 500 sqft RES building with 20 apartments in Hell’s Kitchen, Manhattan, on August 27, 2025.

• Drew Popkin filed alteration job M01273304 for 500 sqft RES building with 20 apartments in Hell’s Kitchen, Manhattan, on August 27, 2025.

• Drew Popkin filed alteration job M01273166 for 500 sqft RES building with 20 apartments in Hell’s Kitchen, Manhattan, on August 27, 2025.

• Drew Popkin filed alteration job M01273985 for 500 sqft RES building with 20 apartments in Hell’s Kitchen, Manhattan, on August 27, 2025.

• Drew Popkin filed alteration job M01275286 for 250 sqft RES building with 20 apartments in Hell’s Kitchen, Manhattan, on August 23, 2025.

Violations:

According to city public data, the properties have received five DOB violations, $2,500 in ECB penalties, 25 housing violations, $7,050 in OATH penalties, and two housing litigations in the last year.

Latest Stories:

• Croman Real Estate sells 80-unit Hell’s Kitchen package for $20M, for affordable homeless housing (June 28, 2024)

• Croman Realty borrows $19M from Axos Bank for refi of multifamily property in Midtown West (April 02, 2020)