420 West 51 Street

Owner: Croman Real Estate

Debt: December 10, 2024, $0

Built: 1910

Renovated: 1984

SF: 13,069

Dwelling units: 12

No. of buildings: 3

Class: Over Six Families With Stores (C7)

Floors: 5

Transactions:

• Dalan Real Estate on December 10, 2024 bought a loan with an original principal of $4.7 million from Axos Bank, signed by David Park, secured by 420-424 West 51st Street, Hell’s Kitchen, Manhattan, when owned by Croman Real Estate.

Development:

• Steven Yow filed plans for alteration in Hell’s Kitchen, Manhattan, on September 20, 2023.

• Steven Croman filed plans for alteration in Hell’s Kitchen, Manhattan, on November 23, 2016.

• Steven Croman filed plans for alteration in Hell’s Kitchen, Manhattan, on January 31, 2014.

• Steven Croman filed plans for alteration in Hell’s Kitchen, Manhattan, on November 12, 2014.

• Steven Croman filed plans for major alteration in Hell’s Kitchen, Manhattan, on September 11, 2014.

Litigation:

• Dalan Real Estate filed a $4.7 million pre-foreclosure 850110/2025 on March 10, 2025, against Croman Real Estate and Steven Croman at 420 West 51 Street.

Violations:

According to city public data, the properties have received $3,495 in OATH penalties and one housing litigation in the last year.