Croman Real Estate

(Centennial Properties, Centennial Properties NY, 9300 Realty)

740 Broadway 2nd Floor New York, NY 10003

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Croman Real Estate NYC portfolio

$1.3 billion -walkup 74%, elevator 10%, mixed-use 7%; Manhattan 99%*

184th largest portfolio by dollar value

1,573,458 sqft – walkup 76%, elevator 16%, mixed-use 4%; Manhattan 100%

310th largest by SF

147 properties – Manhattan 100%

32th largest

2,415 residential units – Manhattan 100%

133th largest by residential units

203 foreclosures, 1 bankruptcy, 15 other court cases.

Company Activity past 24 months:

Seller company: 1 for $20 million

Borrower company: 50 for $0

Top Ten Associated Companies:

Bellwether Asset Management (37), New York Community Bank (12), Dalan Real Estate (11), PIMCO (9), ABJ Properties (8), Gorjian Real Estate (8), Abdolkarim Yaghoubi (8), Axos Bank (2), TARGO Capital Partners (2), Cantor Fitzgerald (2)

Top Ten Associated People:

James Glassman (11), Benjamin Soleimani (8), Cobby Gorjian (8), Abdolkarim Yaghoubi (8), David Gleitman (2), Juan Barahona (1), Douglas Walerstein (1), Louis Ciniglio (1), John Feijoo (1), Robert Von Ancken (1)

Recent activity as company:

Bellwether Asset Management on October 20, 2025 bought a loan with an original principal of $1,000,000 from Flagstar Bank, signed by Mitchel Baffa, secured by 2329 1 Avenue, when owned by Croman Real Estate.

Bellwether Asset Management on October 20, 2025 bought a loan with an original principal of $6.4 million from Flagstar Bank, signed by Mitchel Baffa, secured by 325 East 5 Street, when owned by Croman Real Estate.

Bellwether Asset Management on October 20, 2025 bought a loan with an original principal of $5 million from Flagstar Bank, signed by Mitchel Baffa, secured by 147 Avenue A, when owned by Croman Real Estate.

Bellwether Asset Management on October 20, 2025 bought a loan with an original principal of $4.8 million from Flagstar Bank, signed by Mitchel Baffa, secured by 158 Avenue C, when owned by Croman Real Estate.

Bellwether Asset Management on October 20, 2025 bought a loan with an original principal of $4.8 million from Flagstar Bank, signed by Mitchel Baffa, secured by 635 East 6 Street, when owned by Croman Real Estate.

Bellwether Asset Management on October 20, 2025 bought a loan with an original principal of $4.3 million from Flagstar Bank, signed by Mitchel Baffa, secured by 120 1 Avenue, when owned by Croman Real Estate.

Bellwether Asset Management on October 20, 2025 bought a loan with an original principal of $3.7 million from Flagstar Bank, signed by Mitchel Baffa, secured by 213 East 26 Street, when owned by Croman Real Estate.

Bellwether Asset Management on October 20, 2025 bought a loan with an original principal of $3.7 million from Flagstar Bank, signed by Mitchel Baffa, secured by 120 Mulberry Street, when owned by Croman Real Estate.

Bellwether Asset Management on October 20, 2025 bought a loan with an original principal of $3.6 million from Flagstar Bank, signed by Mitchel Baffa, secured by 208 1 Avenue, when owned by Croman Real Estate.

Bellwether Asset Management on October 20, 2025 bought a loan with an original principal of $1.7 million from Flagstar Bank, signed by Mitchel Baffa, secured by 227 East 82 Street, when owned by Croman Real Estate.

Latest Stories:

• Bellweather-managed LLC files $71.49M in pre-foreclosures at Croman rentals, bought loans last month (November 13, 2025)

• $247M in notes sold on Manhattan Croman portfolio with about 680 units (November 04, 2025)

• Dalan files pre-foreclosures totaling $27.5M at Croman rentals, part of $140M loan portfolio purchase (March 12, 2025)

• Dalan buys just under $140M in Croman debt, secured by rentals, mansion (December 11, 2024)

• Maverick by auction acquires Steven Croman’s Kips Bay rentals with $43M judgment (November 17, 2024)

• Croman Kips Bay rentals with $34M debt set for auction following bankruptcy (November 01, 2024)

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

• TARGO pays $8.1M to Croman for 10-unit walkup in Chelsea (March 18, 2024)

• Courts roundup: Foreclosure updates for Thor, Croman, Magnum (January 09, 2024)

• Tahari Capital, partners, pay $5M for 10-unit rental in East Harlem (July 10, 2023)

Court Records:

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Properties:

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